Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Super regional malls

    450 Broadway, Salem, NH 03079-4325

    12,000 SF 1.07 ac lot Built 1981
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US58-0268186
    Property summary
    AI-generated overview

    This exceptional business opportunity presents the chance to acquire a well-established More Space Place franchise in Salem, New Hampshire. Operating since 2003, this business enjoys a stellar reputation built over two decades of providing high-quality custom closets, Murphy beds, home office solutions, and related services. Located on busy Route 28, just half a mile north of I-495, the business benefits from a highly visible retail space with prominent pylon and building signage, ensuring excellent brand recognition. Abundant parking caters to customer convenience. The location boasts exceptional demographics, with over 23,000 vehicles passing daily, as reported by the New Hampshire Department of Transportation. Beyond the retail storefront, the sale includes a separate warehouse/workshop space conveniently situated off Exit 2 of I-93, providing ample room for storage, assembly, and operations. The current leases will be renegotiated upon sale to the new owner. This turnkey operation offers a strong foundation for continued success and growth. The sale is subject to franchisor approval. Detailed financial reports are available to qualified buyers upon signing a Non-Disclosure Agreement. Prospective buyers are strongly encouraged to conduct thorough due diligence before making an offer. The property sits on a 1.07-acre lot. This is a rare opportunity to own a thriving business in a prime location within a sales tax-free environment.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1981
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 12,000 SF
    Lot 1.07 ac (46,609 SF)
    Zoning code CIC
    APN SLEM M:144 B:185 L:
    UPID US58-0268186
    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
    • NH Pawnbroker Service Discount Store (Bike/Boat/Book/etc) Store
    • Better Title Loans by Auto Equity Loans Loan Service
    • The City vapor glass and tobacco Pharmacy
    • T&G Nail Spa Nail Salon
    • More Space Place - Salem, NH Furniture & Home Goods Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    450 South Broadway LLC · 10 yrs held
    450 South Broadway LLC
    since 2015
    4 recorded transactions
    2025
    2015
    $1.7M
    1998
    $1.5M
    1969
    Zoning & alternative use
    CIC · Salem, NH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 450 Broadway?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message