481 S BROADWAY
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Location
481 S BROADWAY
Mblu
151/ / 127/ /
Acct#
Owner
SALEM DEV NH LLC
Total Market Value
$1,160,100
Appraisal
$1,160,100
PID
11697
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$424,500$735,600$1,160,100
Assessment
Valuation YearImprovementsLandTotal
2025$424,500$735,600$1,160,100

Owner of Record
OwnerSALEM DEV NH LLC
Co-Owner
Address301 STATE ROUTE 17, SUITE 802
RUTHERFORD, NJ 07070
Sale Price$1,525,000
Certificate
Book & Page 6649/164
Sale Date09/13/2025
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
SALEM DEV NH LLC$1,525,000 6649/1640009/13/2025
ARSENAULT JOHN & JANET CO-TRUSTEES$0 3241/2709 09/22/1997
CNL INCOME FUND V, LTD$0 2808/2490 05/26/1989
ARSENAULT JOHN F & JANET L $0 2773/2063 12/15/1988
BESHARA DAVID A $300,000 2763/2136UNKQ10/11/1988

Building Information
Building 1 : Section 1
Year Built: 1990
Living Area: 2,882
Replacement Cost: $549,309
Replacement Cost
Less Depreciation:
$373,500
Building Attributes
FieldDescription
Style:Fast Food Rest
ModelComm/Ind
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Stucco on Wood
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Quarry Tile
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseREST/CLUBS MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:3260
Heat/ACHEAT/AC PKGS
Frame TypeWOOD FRAME
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 2,882 2,882
SLBSlab 2,610 0
   5,492 2,882

Extra Features
Extra Features
CodeDescriptionSizeAssessed ValueBldg #
DUW1DRIVE-UP WINDW1.00 UNITS$4,4001
CLR1COOLER272.00 S.F.$4,6001

Land
Land Use
Use Code3260
DescriptionREST/CLUBS MDL-94  
ZoneCIC
Neighborhood700
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.74
Frontage0
Depth0
Total Market Land$735,600
Appraised Value$735,600

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeAssessed ValueBldg #
PAV1PAVING-ASPHALT  28000.00 S.F.$33,6001
LT9HGH PRE-SOD PL  7.00 UNITS$8,4001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$424,500$735,600$1,160,100
2024$424,500$735,600$1,160,100
2023$424,500$735,600$1,160,100

Assessment
Valuation YearImprovementsLandTotal
2025$424,500$735,600$1,160,100
2024$424,500$735,600$1,160,100
2023$424,500$735,600$1,160,100

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