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    227 N Broadway Salem, NH 03079

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    For Lease
    $1,800 /Mo ($22 SF/Yr)

    950+/- sq ft retail/office space on Route 28.

    Property size:
    950 SF
    Lot size:
    1.12 Acres

    Property Features for 227 N Broadway

    General Information

    Size
    950 SF
    Lot size
    1.12 Acres

    Source: Shea Commercial Properties Agent Harry Shea

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Route 28 Retail/Office Space

    This property features a 950+/- square foot office/retail space. The space includes an open area with a private bath and shower. It is located on North Broadway (Route 28), offering exposure and easy access to I-93, Exit-2. The property is zoned "CIB" Commercial District, with permitted uses including general retail, business and professional offices, medical offices, and personal service shops. Municipal water and sewer services are available, along with natural gas. The space is available for lease at $1,800.00 per month, with electric included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Private Wealth Counsel, ... Estate Planning Attorney Dunkin' Coffee Shop NH iPhone Repair ... Phone Repair Service Kaplansky Insurance Insurance Agency CPR - Computer, Phone, ... Phone Repair Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.215689
    Latitude
    42.763019

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    FAQs

    What type of property is this?
    Retail space - 950+/- sq ft retail/office space on Route 28.
    Where is this retail space located?
    The property is located at 227 N Broadway Salem, NH.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Excellent location on North Broadway (Route 28) with easy access to I-93, Exit-2.; - Fabulous exposure on Route 28.; - Zoned "CIB" Commercial District allowing for general retail, business & professional offices, medical offices, personal service shops, etc.
    (603) 490-5859
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    227 N Broadway Salem, NH 03079
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    Salem, NH 03079
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    227 N Broadway Salem, NH 03079
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