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    181 S Broadway Salem, NH 03079

    For Sale
    $2,200,000

    1.17 acre vacant land suitable for retail or service business.

    Property size:
    51,000 SF
    Lot size:
    1.18 Acres

    Property Features for 181 S Broadway

    General Information

    Size
    51,000 SF
    Lot size
    1.18 Acres

    Source: Shea Commercial Properties Agent Harry Shea

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

    Overview

    Vacant Land Near Retail Hub

    This 1.17+/- acre (51,000+/- sq. ft.) vacant land is located next to Kelly's Roast Beef Restaurant. The property is zoned Highway Commercial "CIC", allowing for uses such as banks, retail stores, and sales agencies for automobiles, boats, and fitness clubs. It benefits from an excellent location with a heavy traffic count estimated at 30,000 cars per day. The property is situated behind a former Burger King Restaurant and abuts an open parking lot that faces Market Basket, Staples, and Walgreens Pharmacy. Access is available via I-93, Exit-2, with a right turn onto Route 28 leading to the property on the left. Municipal water, sewer, and gas services are available. The highest and best use for this property is considered to be a retail showroom or service-type business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kelly's Roast Beef Fast Food Restaurant

    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
    -71.235445
    Latitude
    42.790388

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    FAQs

    What type of property is this?
    Commercial land - 1.17 acre vacant land suitable for retail or service business.
    Where is this commercial land located?
    The property is located at 181 S Broadway Salem, NH.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Excellent location with **high traffic count (30,000 cars per day)**.; - Zoned Highway Commercial "CIC" allowing for a wide range of business types (retail, service, etc.).; - Abuts open parking lot facing Market Basket, Staples, and Walgreens Pharmacy.
    (603) 490-5859
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    181 S 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
    181 S Broadway Salem, NH 03079
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