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Listed by Bill Riffert • EXP Realty • Cell: 617-259-0810
$ 3,400,000
Est. payment /mo
Under Contract
326 S Broadway BLVD Salem, NH 03073
2.43 Acres Lot
UPDATED:
02/26/2025 06:16 PM
Key Details
Property Type Commercial
Sub Type Business,Investment,Retail
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 5027272
Year Built 1950
Tax Year 2024
Lot Size 2.430 Acres
Acres 2.43
Property Sub-Type Business,Investment,Retail
Property Description
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.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning CIC
Interior
Cooling Central AC
Inclusions Land/Building/Business
Exterior
Parking Features Parking Spaces 21+, Paved
Garage Description Parking Spaces 21+, Paved
Utilities Available Cable, Gas - At Street
Roof Type Flat
Building
Foundation Slab - Concrete
Sewer Public
