Mix Use Investment Property in Somersworth

Retail-Commercial for Sale
Catylist Listing ID: 30827003
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 3,093 SF
Gross Building Area: See Agent
Sale Price: $335,000
Unit Price: $108.31 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/25/2023

Overview / Comments

Own an investment property in the Somersworth which is part of the fastest growing regions in the state of New Hampshire with numerous revitalization development projects underway. Some of which are a stone’s throw away. This mixed-use property features 3 units (one 1200+/-SF commercial unit, two 1-bedroom apartments with a bonus third floor for storage or conversion to expand one of the apartments). There is ample off-street parking available.

As part of the revitalization project the old GE plant, across the street from this property, will soon be retail businesses on the ground level and have apartments on top. Other development work to be done in the area as well. Somersworth Festival Association is a non-profit organization that orchestrate multiple fairs or events in the Somersworth Plaza, just steps away from the property, bringing hundreds of people together. With all these new builds, events, housing and businesses popping up with-in a mile radius of 123 Main Street it’s easy to see why this a great investment for your future.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 10 182 0
Zoning: BUSINESS, HISTORIC, FORM BASE CODE AREA 3
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Average
Year Built: 1895
Construction/Siding: Other
Parking Type: Other
Parking Description: Ample off street parking available
Heat Type: Oil, Hot Water
Zoning Description: BUSINESS, HISTORIC, FORM BASE CODE AREA 3
Lot Frontage: 41
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,407 22,804 58,623
Median Age: 33.64 38.59 38.49
Households: 2,222 9,178 23,766

Contact

Photograph of Listing Agent

Lisa Church

BOOM Realtors/KW Commercial at Keller Williams Coastal Realty
NECPE Member
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