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369-373 S Broadway
Salem, NH 03079
75% Leased $189k NOI Retail Center Value Add · Retail Property For Sale
Investment Highlights
- Rare opportunity to acquire 18,000 SF of prime real estate on Salem NH's Route 28
- $189k NOI Value-Add opportunity - Upside through leasing the vacant unit & bringing rents to market value
- Located in a high growth market just 1 mile off the highway 4 minutes to the 170 Acre Tuscan Kitchen Mixed-Use Development
- The largest tenant just executed a 10-year lease with an extensive custom buildout
- Significant capital improvements - Fully sprinklered, new roof, parking lot, HVAC, pylon signage & more in the last 3 years
- Facade is soon getting a renovation to modernize exterior & attract new tenants
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
18,624 SF
Building Class
C
Year Built
1987
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.28
Lot Size
1.54 AC
Zoning
CIC
Parking
68 Spaces (3.65 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Security System
- Signage
- Accent Lighting
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | SLEM-000136-000372 | Improvements Assessment | $1,151,400 |
| Land Assessment | $1,068,200 | Total Assessment | $2,219,600 |
Property Taxes
Parcel Number
SLEM-000136-000372
Land Assessment
$1,068,200
Improvements Assessment
$1,151,400
Total Assessment
$2,219,600
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