Catylist ID: #30024659
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|
|Unit Price:||$43.33 PSF|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
Downtown Lebanon is experiencing a strong renaissance for both commercial and residential growth.
This investment portfolio is in the heart of downtown Lebanon, New Hampshire, with many established tenants and stabilized cash flow.
The collective properties have ample on-site parking and offer a historic presence, enjoyed by many of the tenants.
Currently, 18 ½ Mascoma Street has a vacancy that would be well suited to the conversion to a restaurant/pub, with views of the Mascoma River and outdoor dining possibilities.
Although the portfolio provides existing cash flow, this portfolio over time is ripe for repurposing.
The portfolio is made up of two (2) existing income producing buildings, supported by a third lot for on-site parking.
|Finance Data Year||2016|
|Real Estate Taxes - Annual($)||$20,227 (Annual)|
|Proximity:||1 mile||3 miles||5 miles|
Bruce M. Waters, CCIMLang McLaughry Commercial Real Estate NECPE Member
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