Standalone Retail w/ Apartment

Retail-Commercial for Sale
Catylist Listing ID: 30564660
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 4,453 SF
Gross Building Area: 2,604 SF
Gross Land Area: 0.26 Acres
Sale Price: $550,000
Unit Price: $123.51 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2020

Overview / Comments

The sale offering consists of 2 buildings directly on busy Second Street in Manchester right off Exit 4, I-293. The standalone retail building is vacant and consists of 2,604± SF, which is comprised of mostly open area, a private office, a restroom, and 1 drive-in door; this could accommodate many users such as food, retail, office, and more. The apartment is a single unit consisting of 1,849± SF and is currently occupied on a year-to-year lease, which is set to expire on 6/30/20. The new owner could choose to continue to rent the apartment building or convert it back to office space. With 13,000± VPD per NHDOT 2018, the site offers excellent visibility from signage on both the building and a large pylon directly on Second Street. Located adjacent to McDonald’s and nearby many other national and local retailers, the Manchester-Bedford town line, and connects to South River Road.

Attachments & Media

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 652-7
Zoning: B-2
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Second Street
Traffic/Vehicle Count: 13,000
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1955
Total Parking Spaces: 7
Parking Type: Surface
Heat Type: Oil
Lot Frontage: 65
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,575 94,049 149,896
Median Age: 37.35 36.5 37.61
Households: 4,895 38,059 59,588


Photograph of Listing Agent

Andrew T. Robbins

Colliers International
NECPE Member
© Copyright 2001-2020 Catylist. 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.