SUMMER FREEZE REAL ESTATE, BUSINESS & FF&EQ FOR SALE

Retail-Commercial for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30025549
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Building Size (RSF): 1,114 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $250,000
Unit Price: $224.42 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/18/2017

Overview / Comments

Income producing investment and business to purchase with great potential! This seasonal business called "Summer Freeze" has been offering quality food and ice cream for over 40 years! Summer Freeze has homemade frozen desserts and an interesting menu for all ages!
During the holiday season, the Owner sells Christmas trees in the range of $35.00 to $65.00 per tree. Owner purchases approximately 250 trees, 2015 Christmas season Owner grossed over $8,000 and netted approximately $4,000.!

In the warm months, this take-out food business not only offers ice cream but friend clams, other fried dishes, specialty dishes, hamburgers,hotdogs, etc!

Real Estate Purchase Price is $210,000
Business to include "Furniture, Fixtures & Equipment": $40,000 which represents the price of equipment primarily.
Any inventory would be at an additional cost

Equipment List to be provided - Walk-in freezer and cooler have a 2 year old compressor. There are built-in A/C units, natural gas for kitchen, new hot water system - on demand Renoir. There is a Point of Sale cash register that remains on Premises. 2 Bathrooms, 2nd Floor office / mezzanine storage area.
Financials available upon the signing of a Confidentiality Agreement

The wood-frame building is approximately 672 Square Feet on a concrete slab with attached cooler/freezer enclosure including a cold storage area of 442 +- Square Feet.
Building was re-sided spring of 2016. There are 5 picnic tables on the south side, 2 tables on the north side. There is no heat inside with the exception of of space heaters.

NOTE: INTERIOR PICTURES WERE TAKEN AFTER SUMMER FREEZE HAD CLOSED FOR THE SEASON!

Potential opportunity to expand and redevelop and to create a restaurant year round!

Roof consisting of architectural shingles approximately 10 to 11 years old.

Seller would consider leasing.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $5,821 (Annual)
Tax Value Land $145,900
Tax Value Improvements $55,500
Assessed Value - Total($) $201,400 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Submarket Type: Central Business District
Tax ID/APN: 301/Z 19/ //
Zoning: CG - GENERAL COMMERCIAL DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: located on the northeast side of the roadway north of Concord's downtown area but south of the Village of Penacook.
Property Visibility: Excellent
Largest Nearby Street: Fisherville Road (US Route 3) - North State Street
Feet of Frontage: 120
Traffic/Vehicle Count: 12,000
Highway Access: Minutes to Interstate 393 and Interstate 93
Site Description: Irregular configuration and topography is generally level.
Area Description: Neighborhood is Suburban - consists of several commercial properties alnd residential homes and developments. Subject property is immediately across the street from Concord Terrace.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,114 SF
Property Condition: Good
Year Built: 1959
Year Renovated: 2011
Roof Type: Gable
Construction/Siding: Wood Frame
Total Parking Spaces: 25
Parking Type: Surface
Parking Description: There is 5,000 +/- SF of pavement. Approximately 15 striped spaces in front of building and 6 to 10 striped spaces to rear of building.
Sprinklers: None
Heat Type: Space Heaters, Other
Air Conditioning: Window Unit
Zoning Description: This CG - General Commercial Zone - allows many uses including but not limited to medical, professional office, service, retail, garden center and sales, service uses, sales of motor vehicles, car washes, automotive, restaurants and fast food.
Lot Frontage: 120 +/- feet
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Lang Enterprises LLC

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,965 17,928 45,091
Median Age: 35.44 38.38 39.5
Households: 1,163 6,757 18,623

Contact

Photograph of Listing Agent

Wendy E. Keeler

Fairway Real Estate, LLC
NECPE Member

Source

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