369 BroadwaySalem, NH 03079
- Super regional malls
- 18,624 SF
Property Details for 369 Broadway
- Year built
- 1987
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.54 AC
- Property size (Sq ft)
- 18,624 SF
- Zone code
- CIC
- Property type
- Super regional malls
- APN
- SLEM M:136 B:372 L:
- APU
- SLEMM136B372L
Description
This exceptional 22,000 square foot single-tenant retail and office building, situated on a 1.54-acre lot in Salem, NH, presents a unique investment opportunity. Boasting a highly visible location on busy Route 28 (South Broadway), this property offers unparalleled access and exposure. Less than a mile from the Massachusetts border, near the intersection of Route 213 and I-93 exit 1, it benefits from exceptional traffic flow and convenient access to major transportation arteries. The building, constructed in 1987, features a single story with a 14-foot ceiling height, providing ample space and flexibility for a variety of uses. Currently occupied by an axe throwing and archery business, the 4,300 square feet of vacant space will be available January 2025. The property includes 35 total parking spaces, a significant asset for both employees and customers. The building has recently undergone updates, ensuring modern functionality and appeal. The property is zoned CIC, offering a range of potential uses. Annual property taxes are $2.02 per square foot. This is an ideal location for businesses seeking high visibility and convenient access to a large customer base. Don't miss this chance to secure a prime commercial property in a thriving market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,523,070
- 6.5%
- $3,252,060
- 7%
- $3,019,770
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,530,750
- Geo Method
- $2,530,750
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $6,341,830
- Mixed-Use / Specialty
- $3,240,470
- Hospitality / Lodging
- $2,377,430
- Office
- $3,221,220
- Institutional / Educational
- $3,368,780
- Residential Income
- $3,941,470
- Multifamily
- $4,727,190
- Automotive / Energy
- $2,887,530
- Parking / Income-Based Land
- $996,450
- Restaurant / Food Service
- $1,685,390
- Healthcare / Senior Housing
- $3,323,040
Location Insight
- City
- Salem
- County
- Rockingham
- State
- New Hampshire
- Latitude
- 42.7518
- Longitude
- -71.2053
- 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
FAQs
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