Former Bank Branch

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30115237
Property Subtypes: Free-Standing Building
Status: Pending
Building Size (RSF): 7,152 SF
Gross Land Area: 33,454 SF
Sale Price: $600,000
Unit Price: $83.89 PSF
Ceiling: 11 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 7,152 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2017

Overview / Comments

Former Bank Branch fully set-up for another bank, business offices or retail space. The building has 2 stories with a total 7,152 SF and drive-up windows. The facility enjoys tremendous parking with 33,445 SF of land.

Located in the Heart of Haverhill on Route 97 this facility enjoys a Traffic Count of over 20,000 CPD! I-495 is just one mile away. Join CVS, KC Carpets, Family Dollar and other fi retailers in Lafayette Square!

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $19,898 (Annual)
Assessed Value - Total($) $736,700 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Essex
Taxing Authority: City Of Haverhill
Tax ID/APN: 516-301-12
Zoning: COMMERCIAL
Retail Clientele: General
Property Located Between: Lafayette Square and Lafayette Ave
Property Visibility: Excellent
Largest Nearby Street: Broadway, Route 97
Feet of Frontage: 100
Traffic/Vehicle Count: 20,000
Highway Access: I-495 is only 1 Mile west of the Site
Site Description: The 33,454 site is primarily level and paved
Area Description: Lafayette Square is the hub of four major roads, Winter, Essex, Hilldale and Broadway,with a lot of commercial activity including a New CVS, KC Carpet, Family Dollar other retail and businesses.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,572 SF
Property Condition: Average
Year Built: 1960
Year Renovated: 1986
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: The facility has a brick facade, with a wonderful 2 story glass entrance.
Total Parking Spaces: 35
Parking Ratio: 5 (per 1000 SF)
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Zoning Description: The Zoning is Commercial General, which allows many different types of Retail, Offices and light industrial businesses by right.
Lot Frontage: 100
Lot Depth: 250
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities, Other
Easements Description: See listing Broker

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,592 71,052 166,207
Median Age: 35.07 39.17 37.95
Households: 10,213 27,979 61,477

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