1 Foundry Street

Special Purpose for Sale
Catylist Listing ID: 29934860
Building Size (RSF): 56,862 SF
Gross Building Area: See Agent
Sale Price: $759,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/25/2017

Overview / Comments

For the first time in decades, the “Kleen Laundry” property portfolio is available for purchase.

1 Foundry Street is one of three (3) properties within the portfolio and can be purchased separately or as part of the portfolio.

The property is currently leased under a pure triple net lease, which has been in place for over ten (10) years and has recently been renewed to July 10, 2021, with two (2) additional five (5) year options remaining.

1 Foundry Street is strategically located in downtown Lebanon, NH, which is a very vibrant and classic New England downtown. 1 Foundry Street is within walking distance to many shops, restaurants and commercial services.

Although strategically successful as a commercial laundry facility, the building is located in the Central Business District (CBD) Zone and could be repurposed into other commercial uses over time as other classic mill buildings have been in downtown Lebanon, NH.

1 Foundry Street is offered at:

$759,000

Additional Details

Nearest MSA: Claremont-Lebanon
County: Grafton
Tax ID/APN: 91-263
Zoning: CENTRAL BUSINESS DISTRICT

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,462 13,940 28,139
Median Age: 39.14 40.04 36.03
Households: 2,251 6,526 11,209

Contact

© Copyright New England Commercial Property Exchange. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.