Commercial Building or Residential Development Site

Retail-Commercial for Sale
Also listed as Multi-Family, Vacant Land
Catylist Listing ID: 30171733
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail
Building Size (RSF): 1,296 SF
Gross Building Area: See Agent
Gross Land Area: 0.19 Acres
Sale Price: $490,000
Unit Price: $378.09 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Former Gas Station Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/12/2018

Overview / Comments

The Property consists of .19 Acres of Land and is improved with a 1,296 +/- square foot single story building that was formerly used for an auto repair business and is "grandfathered" for that use. Another commercial use that is less intensive than the Auto Repair use could be allowed with a Special Exception. The Property is zoned General Residence A, which by right allows either a single family dwelling or a two-family dwelling. The right to construct 3 or 4 dwelling units could be obtained by Special Exception.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $7,506 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 08178-0152-0006-0000
Zoning: GENERAL RESIDENCE A
Property Located Between: Middle Road and Lafayette Road
Property Visibility: Excellent
Site Description: Level lot with 125' of frontage on Lafayette Rd and 123' of frontage on Middle Rd, walking distance to downtown Portsmouth.
Area Description: Residential area with walking distance to downtown Portsmouth.
Zoning Description: General Residence A
Lot Frontage: 248
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,302 29,360 40,496
Median Age: 40.28 41.65 42.59
Households: 4,524 13,912 18,458

Contact

Photograph of Listing Agent

Andy Fleisher, CCIM

NAI Norwood Group NECPE Member
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