18 1/2 Mascoma Street & 1 Mechanic Street

Retail-Commercial for Sale
Catylist Listing ID: 30024659
Building Size (RSF): 15,000 SF
Gross Building Area: See Agent
Sale Price: $650,000
Unit Price: $43.33 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/7/2017

Overview / Comments

Downtown Lebanon is experiencing a strong renaissance for both commercial and residential growth.

This investment portfolio is in the heart of downtown Lebanon, New Hampshire, with many established tenants and stabilized cash flow.

The collective properties have ample on-site parking and offer a historic presence, enjoyed by many of the tenants.

Currently, 18 ½ Mascoma Street has a vacancy that would be well suited to the conversion to a restaurant/pub, with views of the Mascoma River and outdoor dining possibilities.

Although the portfolio provides existing cash flow, this portfolio over time is ripe for repurposing.

The portfolio is made up of two (2) existing income producing buildings, supported by a third lot for on-site parking.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $20,227 (Annual)

Additional Details

Nearest MSA: Claremont-Lebanon
County: Grafton
Tax ID/APN: 91-261/262/264
Zoning: CBD
Lot Frontage: 1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,256 13,940 28,139
Median Age: 38.5 40.04 36.03
Households: 1,679 6,526 11,209

Contact

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