289 Main StSalem, NH 03079

Property Details for 289 Main St

Year built

1970

Construction

FRAME

Lot size

0.10 AC

Property size (Sq ft)

1,594 SF

Zone code

RES

Property type

Office properties

APN

SLEM M:84 B:1513 L:1

APU

SLEMM84B1513L1

Description

This exceptional 1075-square-foot office suite is located at 289 Main Street, Unit 3, in Salem, New Hampshire's Salem Professional Park. Situated on a 0.45-acre lot, this first-floor unit offers unparalleled convenience and accessibility. A ramp from the rear parking lot provides zero-step entry, ensuring ease of access for all. The building itself houses a mix of medical offices and a skin care spa, creating a professional and thriving environment. The suite boasts a thoughtfully designed layout, including a welcoming front reception and waiting area, two half-bathrooms, and two kitchenette areas, perfect for staff and client convenience. The spacious interior features a large open office area ideal for collaborative work, along with a separate back office offering a private entrance for added privacy and confidentiality. This exceptional location provides excellent access to major transportation arteries, including I-93 and Route 28, ensuring seamless commutes for employees and clients alike. The lease price of $1750 includes condo fees and property taxes, offering predictable and manageable monthly expenses. This move-in ready space presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office in a thriving professional park.

• CAP approach

  CAP return

  Valuation

  6%

  $263,536

  6.5%

  $243,264

  7%

  $225,888

• Comparable approach

  Method

  Valuation

  Relative Method

  $208,272

  Geo Method

  $208,272

• Alternative Use

  Use

  Valuation

  Residential

  $301,647

  Hospitality

  $276,307

  Educational

  $229,884

  Medical

  $237,790

  Retail

  $357,598

Location Insight

City

Salem

County

Rockingham

State

New Hampshire

Latitude

42.7884

Longitude

-71.203

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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