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Property profile & analytics
OFF-MARKET Estimated value $3,190,000
Super regional malls

369 Broadway Salem, NH 03079-4326

18,624 SF 1.54 ac lot Built 1987
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US58-0298312
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1987
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 18,624 SF
Lot 1.54 ac (67,082 SF)
Zoning code CIC
APN SLEM M:136 B:372 L:
UPID US58-0298312
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • AMAZING Intimate Essentials (Bike/Boat/Book/etc) Store Clothing & Fashion Store
  • Shaking seafood Restaurant
  • Gateway City Tattoo Tattoo & Piercing Shop
  • PROSOUND Electronics & Wireless Store Auto Parts Store
  • Mayhem Tattoo Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.57M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.19M
Owner & transaction history
Horrigan Realty Dev LLC · 4 yrs held
Horrigan Realty Dev LLC
since 2021
Last sale
$2.9M
5 recorded transactions
2021
Price N/A
2021
$2.9M
2013
$1.8M
2013
Price N/A
1996
$1.4M
Zoning & alternative use
CIC · Salem, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $3.8M +798.7%
Commercial (general) $2.6M +509.8%
Auto repair, garage $2.3M +447.1%
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