450 BroadwaySalem, NH 03079

Property Details for 450 Broadway

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.07 AC

Property size (Sq ft)

12,000 SF

Zone code

CIC

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,916,419

  6.5%

  $2,692,079

  7%

  $2,499,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,951,158

  Geo Method

  $3,951,158

• Alternative Use

  Use

  Valuation

  Residential

  $2,270,869

  Hospitality

  $2,080,104

  Educational

  $1,730,622

  Medical

  $1,790,141

  Retail

  $2,692,079

Location Insight

City

Salem

County

Rockingham

State

New Hampshire

Latitude

42.7465

Longitude

-71.2029

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].