Income Property

Retail-Commercial for Sale
Catylist Listing ID: 30130454
Property Subtypes: Free-Standing Building
Building Size (RSF): 8,500 SF
Gross Land Area: 0.84 Acres
Sale Price: $775,000
Unit Price: $91.18 PSF
Property Use Type: Investment
Usable Size (USF): 8,500 SF
Sale Terms: Cash to Seller
Cap Rate: 7.29%
Average Occupancy Rate: 100
Last Updated: 11/20/2017

Overview / Comments

Income property Retail/Office Building. $78,000 Gross Income, full occupancy free standing building with favorable upside +redevelopment potential. 8,500 SF, 4-rental units, 0.84 Ac land zoned B-2, separate utilities, 38 car parking lot, 2 curb cuts, central AC. Superior highway access, right next to KFC, Dunkin Donuts & McDonalds & auto dealers. High visibility, large signage & big traffic count along expansive growth area on a main street between Manchester & Bedford NH business districts. City Water, Sewer, Nat Gas, turnkey operation with income. Great for investor, end user with redevelopment potential.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $12,748 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: Manchester, NH
Tax ID/APN: 652-04
Zoning: B-2
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: South Main
Feet of Frontage: 100
Highway Access: Near Routes 101, 293 and 93
Airports: Manchester - Boston Regional Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,120 SF
Property Condition: Good
Year Built: 1947
Year Renovated: 2000
Construction/Siding: Wood Frame
Total Parking Spaces: 38
Parking Type: Surface
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,300 94,390 146,668
Median Age: 37.83 36.55 37.45
Households: 4,339 38,114 58,342

Contact

Photograph of Listing Agent

Ronald Fredette

KW Commercial NH NECPE Member
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