369 BroadwaySalem, NH 03079

Property Details for 369 Broadway

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.54 AC

Property size (Sq ft)

18,624 SF

Zone code

CIC

Property type

Super regional malls

APN

SLEM M:136 B:372 L:

APU

SLEMM136B372L

Description

This exceptional 22,000 square foot single-tenant retail and office building, situated on a 1.54-acre lot in Salem, NH, presents a unique investment opportunity. Boasting a highly visible location on busy Route 28 (South Broadway), this property offers unparalleled access and exposure. Less than a mile from the Massachusetts border, near the intersection of Route 213 and I-93 exit 1, it benefits from exceptional traffic flow and convenient access to major transportation arteries. The building, constructed in 1987, features a single story with a 14-foot ceiling height, providing ample space and flexibility for a variety of uses. Currently occupied by an axe throwing and archery business, the 4,300 square feet of vacant space will be available January 2025. The property includes 35 total parking spaces, a significant asset for both employees and customers. The building has recently undergone updates, ensuring modern functionality and appeal. The property is zoned CIC, offering a range of potential uses. Annual property taxes are $2.02 per square foot. This is an ideal location for businesses seeking high visibility and convenient access to a large customer base. Don't miss this chance to secure a prime commercial property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,526,282

  6.5%

  $4,178,106

  7%

  $3,879,670

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,132,198

  Geo Method

  $6,132,198

• Alternative Use

  Use

  Valuation

  Residential

  $3,524,389

  Hospitality

  $3,228,322

  Educational

  $2,685,926

  Medical

  $2,778,299

  Retail

  $4,178,106

Location Insight

City

Salem

County

Rockingham

State

New Hampshire

Latitude

42.7518

Longitude

-71.2053

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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