Industrial Site with Income Potetnial

Industrial for Sale
Catylist Listing ID: 30817924
Property Subtypes: Free-Standing, Industrial-Business Park
Building Size (RSF): 3,700 SF
Gross Building Area: See Agent
Sale Price: $995,000
Unit Price: $268.92 PSF
Ceiling: 12 ft. Clear
Drive In Bays: 3 Bays
Property Use Type: Investment, Business
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 9/20/2022

Overview / Comments

This is an amazing opportunity. It is a well-maintained property, zoned industrial, with tremendous income potential. There is an opportunity for utilizing it for income potential, owner-occupied business operation, or both.

A two-unit, 3,700 sq ft garage (a Morton Building) is located behind a single home. The first unit is 2,700 square feet with a reception area with a reception area, office, and half bath. Separate walkout doors front and rear. Two garage bay doors. The second unit is 1,00 sq ft with walk-out doors front and rear with a half bath. One bay garage door. Has a wall-mounted electric A/C unit in the rear wall. There is an interior garage door and walk-through door that connects the two units, easily separated or connected for multi-use. Shop has a commercial air compressor and compressed air is piped through the shop.

The driveway and parking area were recently repaved. Serviced by city water and sewer. Heated with forced hot water by oil, with Modine ceiling heaters which heats the entire building. Has a wall-mounted A/C unit in the rear wall.

2 bedroom, 1 bath single family home with full basement is included in the sale. 100 amp electrical service. Forced hot air heat with central air. City sewer and water as well. Currently rented for $1,500/month which includes a single garage stall. Addtl income potential on-site, see listing agent for more details.

The property is encumbered by Eversource powerline easement. There is natural gas and 3 phase power at st.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $8,729 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 787-3
Zoning: INDUSTRIAL - I
Heat Type: Oil
Heat Source: Baseboard, Wall Units
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Easements Description: Property is encumbered by an Eversource power line easement.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,333 45,643 142,076
Median Age: 41.75 36.85 37.8
Households: 906 17,998 56,502
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