326 Broadway Blvd Salem, NH 03079
- Commercial real estate
- 37,000 SF
- 2.43 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 326 Broadway Blvd
- Year built
- 1950
- Lot size
- 2.43 lot acres
- Property size
- 37,000 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a fully leased, 18-unit retail shopping mall totaling over 37,000 square feet on a 2.43-acre lot in prime Salem, NH. Strategically located on NH Route 28, just one mile north of the Massachusetts border, this high-visibility location ensures consistent traffic and patronage. Each of the 18 units features individual heating and air conditioning systems, contributing to tenant satisfaction and operational efficiency. A robust 1,200 AMP 3-phase electrical service, with most units separately metered, simplifies utility management and billing. The property benefits from its position on the busy NH Route 28 corridor, providing excellent accessibility and visibility to both local residents and commuters from neighboring Massachusetts. This fully occupied retail center offers a stable income stream with established tenants. Salem's resilient and growing commercial real estate market, coupled with its strategic location near the Massachusetts border and major roadways, adds significant value to this investment. The area's strong demand for retail space further enhances its appeal as a secure and profitable venture. This presents a rare opportunity to acquire a well-established, income-producing retail property in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -71.2091
- Latitude
- 42.7543
