163 Water St, Unit: C3

sold Retail-Commercial
Catylist Transaction ID: 2382589
Property Subtypes: Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Closing Date: 7/29/2021
Asking Sale Price: $347,000
Asking Unit Price: $283.73 PSF
Final Sale Price: $325,000
Final Unit Price: $265.74 PSF
Days on Market: 155
Building Size (RSF): 1,223 SF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Merrill Block
Usable Size (USF): 1,024 SF
Cap Rate:

Overview / Comments

AVAILABLE NOW - vacant and ready to be occupied by your business!! Gorgeous three-level retail/office storefront condominium on Exeter's downtown pedestrian way, Water Street! The possibilities for commercial use are endless: fast-casual, fine dining, or takeout (mexican/bagel/coffee/bakery, etc), retail, yoga/health/beauty, office, etc. Owner-occupied or used as investment; potential with approvals to separate lowest level with direct access to back door and Water St. through front door elevator into further income-producing space. Beautifully updated, with teak flooring, exposed brick walls, plumbing on all three levels, two half baths. Sunshine bathes the space through a plate-glass window by the front from which you can access with free parking. Access to the back exit of the building, common area, elevator and more free public parking. Unit occupant only responsible for internet, gas and electric outside of condo fee. NH RSA 79-E tax incentives available if renovate!

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $5,045 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 072-017-0003
Is Condo?: Yes
Zoning: WC - WATERFRONT COMMERCIAL
Retail Clientele: General, Family, Business, Tourist
Property Visibility: Excellent
Traffic/Vehicle Count: 15,000
Highway Access: Just over a mile to Route 101 via Portsmouth Ave.
Area Description: Lovely, walkable downtown Exeter which has pedestrian access to residential properties as well as Phillips Exeter Academy.
Number of Stories: 3
Property Condition: Excellent
Year Built: 1916
Construction/Siding: Brick
Exterior Description: Beautiful brick building with commercial on the first level and residential on the upper floors.
Parking Type: Surface
Parking Description: Free parking out front on downtown Water Street, and also free parking out back of building in town lots.
Passenger Elevators: 1
Heat Type: Natural Gas
Heat Source: Central
Zoning Description: WC - Waterfront Commercial
Lot Frontage: Sidewalk/ main pedestrian thoroughfare
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Space qualifies for NH RSA 79-E tax relief incentives dependent upon extent of renovations performed by Buyer.

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Contacts

Listing Broker: Rose Culver
Granite Rose Real Estate LLC, Concord, NH
603-496-0034
graniteroserealestate@gmail.com
Selling Broker: Brian McDonald
Atlantic Retail
617-797-6640
Bmcdonald@atlanticretail.com
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