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Property profile & analytics
OFF-MARKET Estimated value $12,980,000
Super regional malls

436 Broadway Methuen, MA 01844-2061

96,264 SF 10.22 ac lot Built 1982
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US38-1619720
Property summary
AI-generated overview

This 2,200 square foot storefront is part of the Village Mall, a 92,646 square foot shopping center in Methuen, MA. Located at 436 Broadway, this property benefits from high visibility and accessibility, situated at a fully-lighted intersection with over 50,000 vehicles passing daily. The intersection is conveniently located at Routes 28, 93, and 213, placing the property in a heavily trafficked retail corridor bordering Salem, New Hampshire's main shopping district. The Village Mall features a diverse tenant mix, including established businesses like Jo-Ann Fabrics, Ellie's Farmhouse Restaurant, and Dollar Tree. This location offers excellent proximity to other major retailers such as Texas Roadhouse, the Mall at Rockingham Park, Tuscan Village Development, Lowe's, Home Depot, Market Basket, Best Buy, and Target. The property includes ample parking with 464 spaces available. The landlord offers a fully permitted 2,200 square foot pad site with a drive-thru option, built in 1982 on a 10.22-acre lot. This space presents a unique opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment. The minimum divisible space is 2,200 square feet, with a maximum contiguous space also at 2,200 square feet.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1982
Construction STEEL FRAME
Total area 96,264 SF
Lot 10.22 ac (445,183 SF)
Zoning code BH
APN METH M:00610 B:00123 L:00047A
UPID US38-1619720
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
  • Ellie’s Farmhouse Restaurant
  • Niraja Patel Dental Office
  • Blush Salon & Spa Hair Salon
  • Amazing Family Dental Dental Office
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$11.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.98M
Owner & transaction history
Shri Swamine LLC · 4 yrs held
Shri Swamine LLC
since 2021
Last sale
$12.5M
5 recorded transactions
2021
$12.5M
2004
Price N/A
1991
Price N/A
1990
Price N/A
1969
Price N/A
Zoning & alternative use
BH · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $15.0M +260.1%
Restaurant $14.1M +238.1%
Auto repair, garage $13.1M +215.6%
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