18 Bridge StSalem, NH 03079
- Office buildings
- 9,325 SF
Property Details for 18 Bridge St
- Year built
- 1914
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.87 AC
- Property size (Sq ft)
- 9,325 SF
- Zone code
- RES
- Property type
- Office buildings
- APN
- SLEM M:84 B:1785 L:
- APU
- SLEMM84B1785L
Description
This 9,334 square foot commercial property at 18 Bridge Street in Salem, New Hampshire, is offered for sale at $1,750,000. Built in 1914 and extensively renovated five years ago, this one-unit office and land property boasts a blend of historic charm and modern functionality. The building features a spacious and open layout, ideal for a variety of businesses. A welcoming vestibule area leads to a conference room, multiple offices equipped with mini-split HVAC systems, and a customizable open space. Abundant natural light streams in through newer windows. A renovated kitchenette and a functional cargo lift with a 2000-pound capacity add to the property's practicality. The lower level provides ample storage and houses utilities in separate rooms. Located in Rockingham County, NH, zip code 03079, this property offers a unique opportunity to own a well-maintained, historically significant commercial building in a desirable location. The property's size and features make it suitable for a range of commercial uses. The pride of ownership is evident throughout.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,541,701
- 6.5%
- $1,423,109
- 7%
- $1,321,458
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,218,404
- Geo Method
- $1,218,404
-
Alternative Use
- Use
- Valuation
- Residential
- $1,764,655
- Hospitality
- $1,616,414
- Educational
- $1,344,838
- Medical
- $1,391,089
- Retail
- $2,091,970
Location Insight
- City
- Salem
- County
- Rockingham
- State
- New Hampshire
- Latitude
- 42.7862
- Longitude
- -71.1984
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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