8,064 SF owner occupied or investment retail, office & garage
Retail-Commercial
for Sale
| Catylist Listing ID: |
30875116 |
| Property Subtypes: |
Convenience Store, Free-Standing Building, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
|
| Building Size (RSF): |
8,064 SF
|
| Gross Land Area: |
0.70 Acres
|
| Sale Price: |
$775,000 |
| Unit Price: |
$96.11 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Usable Size (USF): |
8,064 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
10.8% |
| Last Updated: |
8/20/2024 |
Overview / Comments
|
Hooksett, NH: Multi-tenant property located on Route 3A. Options to keep tenants or occupy parts of or all of the building. Building has 4 primary store front retail/office units with garage space as well as an additional 5 garages to be utilized or leased for additional income. Current tenants are kitchen and cabinet company, spa, office and garage uses. Ample parking lot and parking area in front of property as well as rear. Public water and natural gas. Modern building mostly built between 2008 and 2013. Superb signage on Route 3A, as well as building signage. This is a very prominent location just off of Exit 10, I-93. Units have central AC and heating. Gross income potential of $97,884 with net income (after expenses) approximately $82,984. Please do not approach tenants or communicate directly with them. Tenants indicate willingness to stay and extend lease, but as leases are month to month or ending soon, Buyer can occupy some or all of the building.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$9,280 (Annual) |
| Potential Rental Income |
$97,884 (Annual) |
| Net Operating Income |
$83,504 (Annual) |
Current Tenants
| Tenant Business Name |
Spa |
| Is Renting? |
Yes |
| Current Rent |
$21,804 PSF (Annual) |
| Tenant Business Name |
Cabinet company |
| Is Renting? |
Yes |
| Suite Number |
1 |
| Current Rent |
$22,080 PSF (Annual) |
Additional Details
| Nearest MSA: |
Concord |
| County: |
Merrimack |
| Tax ID/APN: |
24-30-2 |
| Zoning: |
COMMERCIAL |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention, Other |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
I-93 |
| Feet of Frontage: |
275 |
| Highway Access: |
Route 3A and Interstate 93 |
| Airports: |
Manchester / Boston |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
2,688 SF |
| Year Built: |
2008 |
| Year Renovated: |
2013 |
| Roof Type: |
Arched |
| Construction/Siding: |
Vinyl Siding |
| Total Parking Spaces: |
27 |
| Parking Type: |
Surface |
| Parking Description: |
27-31: Approximately 18 on upper level & (depending on how configured)11-15 on lower level. |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Zoning Description: |
Commercial |
| Lot Frontage: |
275 |
| Water Service: |
Municipal |
| Sewer Type: |
Septic |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,471 |
21,833 |
76,259 |
| Median Age: |
42.92 |
38.51 |
38.67 |
| Households: |
517 |
9,117 |
31,734 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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