450 S Broadway, Salem, NH, 03079 | $399,000

Successful Business For Sale: Offered for sale is the More Space Place franchise in sales tax-free Salem, NH. More Space Place specializes in sales and installation of Murphy Beds, Custom Closets, Home Office, and more. This location was opened in 2003 and has an impeccable 20+ year reputation for quality and customer service. The highly visible retail space with pylon and building signage and abundant parking is on located busy Route 28, just 1/2 mile north of I-495. The location boasts superb demographics with 23, 000+ vehicles per day, according to the NH Department of Transportation. The business also has a warehouse/ workshop space off Exit 2 on I-93. The attractive leases will be re-written with the new owner. The sale must be approved by the franchisor. Prospective buyers should perform due diligence in all aspects of a contemplated acquisition. Financial reports are available to qualified buyers after execution of a Non-Disclosure Agreement.

Features

  • Construction: Masonry
  • Utilities: Public Water, Public Sewer, Natural Gas Available, 110 Volts
  • Zoning: CIC
  • Year Built: 2003
  • MLS#: 73213787
  • Website: https://www.raveis.com
    /prop/73213787/450sbroadway_salem_nh?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Listing by Faulkner Commercial Group courtesy of Keller Williams Realty   Phone: 978-475-2111

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450 S Broadway, Salem, NH, 03079

$399,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $319,200 $319,200 $319,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,124 $2,122 $2,692
Total Monthly Payment $2,199 $2,197 $2,767

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.