Colonial Style Office Building for Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30000008
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 7,096 SF
Gross Building Area: 8,726 SF
Gross Land Area: 0.63 Acres
Sale Price: $479,900
Unit Price: $67.63 PSF
Ceiling: 8 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: New England Colonial Office Building
Class of Space: Class B
Usable Size (USF): 7,096 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/22/2017

Overview / Comments

This is an interesting opportunity, for either an owner occupier with an eye toward possible additional income or an investor, looking for a well located property being offered at below both assessed and appraised value.
The structure is a 2,900 SF New England style brick veneer colonial, built in 1900 with a 4160 SF addition added in 2006. The structure sits on .63 acres with 160 feet of frontage on Mast Rd. It has two onsite paved parking areas with space for 25+ vehicles.
It is served by municipal water and sewage and has natural gas heat.
The location is yards from Rt.114 with connections to Route 101, Route 3 and Interstate 93. Manchester center is 4 miles away, Bedford center and the Market and Main Development are minutes away.
The building is demised with several various size offices, conference rooms, large open spaces that could serve as display or showrooms.
The zoning permits a combination of uses including residential two family. The best use would be for legal or accounting firms, mortgage or title companies, district or regional corporate offices.
The building has three fireplaces among other features that give it a unique character.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: Town of Goffstown
Tax ID/APN: 14476
Zoning: RSBO-2
Property Located Between: Route 114 and Timberwood Drive
Property Visibility: Excellent
Highway Access: Access to Routes 101 and 3 as well as Interstate 93 all within minutes.
Airports: Manchester Boston Regional Airport
Area Description: Mast Rd. is an area of residential properties as well as retailers and restaurants.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,500 SF
Year Built: 1900
Year Renovated: 2006
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Exterior Description: The original structure is brick veneer, the addition is vinyl siding. The grounds are well landscaped and the property has two large paved parking areas.
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: Parking is available in the two large paved lots.
Sprinklers: None
Heat Type: Natural Gas
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: The interior is a combination of various sized offices and conference rooms.
Zoning Description: RSBO-2
Lot Frontage: 160
Lot Depth: 170
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,052 53,315 127,996
Median Age: 38.74 36.35 37.43
Households: 1,198 21,752 51,372
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