369 Broadway Salem, NH 03079-4326
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CIC · Salem, NHSalem. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.