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    Mixed-Use Commercial Building on Broadway Title is generated by Realmo AI

    134 N Broadway, Salem, NH

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    10,374 SF mixed-use building on 1.24 acres.

    Type:RETAIL
    Property size:
    10,374 SF
    Lot size:
    1.26 Acres
    Price / SF:
    $216/SF
    Added:
    May 13, 2025
    Days on Market:
    388
    Last Refresh:
    May 20 at 9:20 pm

    Property Features for 134 N Broadway

    General Information

    Standard status
    Active
    Size
    10,374 SF
    Lot size
    1.26 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Chris Everest
    Chris Everest

    Listing agent Chris Everest

    Listing office Nordlund Associates

    Listing date May 13, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Nordlund Associates

    HighLights

    • High‑traffic location on N. Broadway/Rt. 28 in Salem, NH, a major retail corridor.
    • Mixed‑use commercial building with existing gas station, convenience store, auto repair shop, office space, and drive‑through window.
    • Large 1.24‑acre lot with 40+ parking spaces and yard space.
    • Option to acquire the property with or without the existing gas station operation.
    • Gas station includes 6 filling stations for gasoline and diesel.
    • Total building size of 10,374 square feet.

    Overview

    Located on N. Broadway/Rt. 28 in Salem, NH, a major retail corridor adjacent to the Massachusetts border, this mixed-use commercial building offers 10,374 square feet of space on a 1.24-acre lot. The property currently includes a gas station with 6 filling stations for gasoline and diesel, a convenience store, an auto repair shop, office space, and a drive-through window. The gas station can remain or be removed. The lot provides 40+ parking spaces and yard space. The property may be delivered as-is, or free and clear of the gas station operation.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $270.1k $26.04
    − Vacancy −$7.0k −$0.68
    EGI $263.1k $25.36
    − OpEx −$65.8k −$6.34
    NOI $197.3k $19.02
    10,374 SF · lease $26.04/SF/yr · vacancy 2.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.82M
    $2.47M – $3.29M (±1% cap)
    NOI $197,337 @ 7.0% cap · market cap 8.77%
    Second Best
    Retail
    $2.10M
    $1.83M – $2.44M (±1% cap)
    NOI $146,659 @ 7.0% cap · market cap 6.52%
    Theoretical Best
    Office A
    $3.45M
    $3.02M – $4.03M (±1% cap)
    NOI $241,766 @ 7.0% cap · market cap 10.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    RG Carr LLC Landscaping Wicked Donuts Restaurant Mobil Gas Station One Stop Retail ... Grocery & Convenience Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.2308
    Latitude
    42.7839

    FAQs

    What type of property is this?
    Gas station - 10,374 SF mixed-use building on 1.24 acres.
    Where is this gas station located?
    The property is located at 134 N Broadway Salem, NH.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: High‑traffic location on N. Broadway/Rt. 28 in Salem, NH, a major retail corridor.; Mixed‑use commercial building with existing gas station, convenience store, auto repair shop, office space, and drive‑through window.; Large 1.24‑acre lot with 40+ parking spaces and yard space.
    (978) 762-0500 Call to check price and availability
    More about this property
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