Renovated Ranch Building Near
30 Main Street Salem, NH 03079
30 Main Street, Salem, NH, 03079
$519,900
For Sale
$519,900
Renovated ranch building near Tuscan Village and Route 93.
Property Size2,158 SF
Price / SF$240.92
Days on Market161
Property Features for 30 Main Street
General Information
- Standard status
- Active
- Size
- 2,158 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing agency
Keller Williams Realty-Metropolitan
Listed by
Mark Cooper
(978) 658-2345
Source
Wilsonwolfe
Added: Feb 10 Updated: Jul 10 at 1:42PM Checked: Jul 20 at 6:37AM
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 Keller Williams Realty-Metropolitan
Investment Insights
Based on property information with market context.
This renovated ranch-style building is located near The Tuscan Village and Route 93 exit 2. The property experiences traffic of over 10,000 cars per day. The building has been re-sided and re-roofed, with a completely new interior including new flooring throughout, a new kitchen, new interior trim with craftsman-style doors and window details, new paint, a newly finished basement, a custom two-toned paint job, and updated bathrooms. Updated utilities are also present. A custom new fence and landscaping have been added. The building has a size of 2158 square feet and is suitable for multiple uses, including a home office or business.
Key Highlights
- Freshly renovated with new flooring, kitchen, trim, paint, bathrooms, and finished basement.
- Incredible location near Tuscan Village and Route 93 (Exit 2).
- High traffic count (10,000+ cars/day) suitable for home office or business.
Local Financial Insights For Office B
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 | $57.0k | $26.40 |
| − Vacancy | −$7.6k | −$3.51 |
| EGI | $49.4k | $22.89 |
| − OpEx | −$12.3k | −$5.72 |
| NOI | $37.0k | $17.17 |
2,158 SF · lease $26.40/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$529.2K
$463.1K – $617.4K
NOI $37,046 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$718.5K
$628.7K – $838.2K
NOI $50,292 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Renovated ranch building near Tuscan Village and Route 93.
Where is this office units located?
The property is located at 30 Main Street Salem, NH.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Freshly renovated with new flooring, kitchen, trim, paint, bathrooms, and finished basement.; Incredible location near Tuscan Village and Route 93 (Exit 2).; High traffic count (10,000+ cars/day) suitable for home office or business.
