Multi-Tenant Commercial Building w/ 3 Apartments

Retail-Commercial for Sale
Also listed as Office, Multi-Family
Catylist Listing ID: 30762510
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 6,645 SF
Gross Building Area: See Agent
Gross Land Area: 0.63 Acres
Sale Price: $1,495,000
Unit Price: $224.98 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2022

Overview / Comments

Property consists of two parcels, with a total of 0.92 acres. Parcel one consists of 0.30 acres of land, zoned MRB, and is improved with a 6,645 square foot mixed use building, located at the corner of Lafayette Road (Route One) and Hoover Drive. Parcel one has approximately 5,000 +/- square feet of commercial space and three residential apartments on the second floor. Parcel two consists of 0.62 acres of vacant land, zoned MRB.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $10,886 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 0268-0013-0000
Zoning: MRB
Retail Clientele: General, Family, Traveler, Tourist, Other
Property Visibility: Excellent
Largest Nearby Street: US Rt 1
Feet of Frontage: 181
Traffic/Vehicle Count: 24,000
Highway Access: From Portsmouth traffic circle, take US-1 BYP South. Continue onto Lafayette Rd 1.2 m. Property is ln the left.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1980
Roof Type: Flat
Construction/Siding: Vinyl Siding, Wood Siding
Parking Description: Ample, paved onsite
Zoning Description: Mixed Residential Business
Lot Frontage: 181
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,708 23,739 40,681
Median Age: 39.91 42.79 43.12
Households: 2,991 11,167 18,574

Contact

Photograph of Listing Agent

Andy Fleisher, CCIM

NAI Norwood Group NECPE Member
Photograph of Listing Agent

Katie Fleisher

NAI Norwood Group
NECPE Member
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