326 S Broadway - Storefront Retail/Office FOR SALE


Salem, NH 03079
$3,400,000 USD
617-259-0810
326 S Broadway, Salem, NH for Sale
$3,400,000 USD
Storefront Retail/Office - FOR SALE
1/15
null | Request Cap Rate

326 S Broadway
Salem, NH 03079


OVERVIEW

Fully Leased 18-Unit Retail Shopping Mall in Prime Salem, NH Location. Seize this exceptional investment opportunity to own a fully leased retail shopping mall strategically situated on NH Route 28, just one mile north of the MA state line in Salem, NH. This high-visibility location ensures a steady flow of traffic and patronage. • Total Space: Over 34,000 square feet of versatile retail space, thoughtfully divided into 18 individual units, each designed to accommodate a variety of retail businesses. • Tenant Comfort: Each unit is equipped with its own heating and air conditioning systems, • Electrical Capacity: The property boasts a robust 1,200 AMP 3 -phase electrical service, with most units separately metered, facilitating straightforward utility management and billing. • Location Advantage: Positioned on the bustling NH Route 28 corridor, the mall benefits from high visibility and accessibility, attracting both local residents and commuters from neighboring Massachusetts. This fully occupied retail center offers a stable income stream with established tenants in place. The property's prime location in Salem—a market noted for its resilience and growth in the commercial real estate sector—adds significant value. The Salem submarket has demonstrated resilience amidst economic uncertainties, with strong demand for retail spaces. The area's strategic location near the Massachusetts border and along major routes like NH Route 28 contributes to its attractiveness.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

129

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

CIC

APN/PARCEL ID

SLEM-000136-000222

ASK ABOUT THIS PROPERTY

Bill RifferteXp RealtyMore Info
617-259-0810

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Bill RifferteXp RealtyMore Info
617-259-0810

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.