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Property profile & analytics

450 South Broadway Salem, NH 03079

  • Super regional malls
  • 12,000 SF
  • 1.07 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US58-0268186
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by 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

Property Details for 450 South Broadway

Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.07 lot acres
Property size
12,000 SF
Zone code
CIC
Property type
Super regional malls
APN
SLEM M:144 B:185 L:
APU
SLEMM144B185L

Description

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.


Value Estimations

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  • CAP approach

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  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Salem
County
Rockingham
State
New Hampshire
Longitude
-71.2029
Latitude
42.7465
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$28,335
$900,000
$770,700
$1,670,700
-
$0.00
$0.00
$0.00
More about this property
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