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: 2/28/2020

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

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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

Contact

Photograph of Listing Agent

Andrew T. Robbins

Colliers International
NECPE Member
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