450 Broadway, Salem, NH 03079-4325
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.
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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.