Prime Mixed-Use Property with Steady Returns and Room to Grow
Retail-Commercial
for Sale
| Catylist Listing ID: |
30872966 |
| Property Subtypes: |
Mixed Use, Other
|
| Building Size (RSF): |
12,622 SF
|
| Gross Land Area: |
4.60 Acres
|
| Sale Price: |
$700,000 |
| Unit Price: |
$55.46 PSF |
| Property Use Type: |
Investment |
| Usable Size (USF): |
7,478 SF |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
9/6/2024 |
Overview / Comments
Discover a thriving commercial property with a consistent rental history sited on 4.6 acres of land. This building boasts 7 units, including 2 apartments and 5 street-level commercial spaces. All units have separately metered electrical panels.
Currently, the rear parking area is leased to heavy truck renters, generating extra revenue. Additional spaces are available for potential added income. An 8" water main has been installed on the property, facilitating the development of the vacant land.
Situated in a prime location with strong traffic flow and close proximity to the 42 Unit Hillsborough Heights Apartment complex, retail and food establishments, financial institutions, building supply stores, etc., this property presents an excellent investment opportunity.
|
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Taxing Authority: |
Hillsborough |
| Tax ID/APN: |
00011P/000340/0 |
| Zoning: |
COM-WS |
| Retail Clientele: |
Business |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US-202 |
| Feet of Frontage: |
256 |
| Highway Access: |
W Main St to US-202 to I-89 to I-93 |
| Airports: |
Manchester/Boston Regional Airport |
| Site Description: |
Exceptional visibility with prominent signage along the bustling W Main Street. Ample parking and potential opportunities for developing the unused land or leasing ground space. |
| Area Description: |
Area businesses include O'Reilly Auto Parts, UHaul, Aubuchon Hardware, Tractor Supply, Shaws Supermarket, Osram Sylvania Factory, Angus Lea Golf Course and the NH National Guard Armory. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Property Condition: |
Good |
| Year Built: |
1900 |
| Roof Type: |
Gable |
| Construction/Siding: |
Wood Siding |
| Exterior Description: |
The property features a paved driveway and parking lot at the front, back, and sides of the building. There's also a cleared area extending towards the rear of the property, with the potential for further expansion through additional clearing. Roof age is 5 years. |
| Total Parking Spaces: |
20 |
| Parking Type: |
Surface |
| Parking Description: |
Parking available for 20 plus vehicles. |
| Sprinklers: |
Wet |
| Heat Type: |
Electricity, Oil, Hot Water |
| Heat Source: |
Baseboard |
| Internet Access: |
Cable |
| Interior Description: |
Hardwood floors, modern stainless steel appliances, LED lighting, a large walk-in cooler with 8 Ardco doors, and multiple top-of-the-line standalone coolers. All coolers, including the open top refrigerated grab and go sandwich and cheese table, are in good working order. Also includes hand and 3-bay sinks. Sprinkler located over the furnace only. |
| Lot Frontage: |
256 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,976 |
3,888 |
12,310 |
| Median Age: |
34.94 |
38.85 |
38.45 |
| Households: |
823 |
1,563 |
4,743 |
|
© Copyright 2024 Moody's. All Rights Reserved.
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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