Development opportunity with rental income on 1.86+/- ac
Office
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30849412 |
| Status: |
Pending/Contingent |
| Building Size (RSF): |
2,195 SF
|
| Gross Land Area: |
1.86 SF
|
| Sale Price: |
$869,000 |
| Unit Price: |
$395.90 PSF |
| Property Use Type: |
Business |
| Usable Size (USF): |
2,195 SF |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/24/2024 |
Overview / Comments
|
OWENR FINANCING AVAILABLE. New England Style office/retail building with approximately 2,195 sf, a barn with about 1,200 sf on 1.86 acres. The lot is large enough to add another building, with zoning allowing for both commercial uses and residential apts. Lot-loading for additional septic is available and documented at the Town. The original house was gutted and modernized with new mechanical electrical, plumbing and life safety systems; and finished with a nice blend of old and new, incl. exposed wood from the original construction date of 1794. The well system is fitted with a point of entry filtration system for PFOA contaminants. The Town of Windham is responsible in perpetuity for maintenance. The property is located next to Enterprise Bank in the center of town, with excellent visibility on busy Route 111. The space can be used for office, retail, residential and more. The current tenant is renting 920 sq. ft. on 1st floor of the house, call the listing broker for more details. The barn is gutted and upfitted with rough electric, will make great space for a photo studio, design firm, art studio, retail-office or an apt.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$10,566 (Annual) |
Current Tenants
| SF of Space Occupied |
920 SF |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Rockingham |
| Tax ID/APN: |
11-A-540 |
| Zoning: |
MIXED-USE, COMMERCIAL AND RESIDENTIAL |
| Property Located Between: |
Enterprise Bank & 36creative |
| Property Visibility: |
Excellent |
| Highway Access: |
1.5 miles to Rte. 93 Exit 3 |
| Airports: |
Manchester-Boston Regional Airport, Pease International Airport |
| Site Description: |
Flat with great visibility and then it slopes up to a second flat area |
| Area Description: |
Located in the center of Windham NH and close to the Town Hall. |
| Total Number of Buildings: |
2 |
| Number of Stories: |
2 |
| Year Built: |
1794 |
| Year Renovated: |
2020 |
| Roof Type: |
Gable |
| Construction/Siding: |
Wood Siding |
| Exterior Description: |
Traditional New England Style |
| Parking Type: |
Surface |
| Parking Description: |
On site paved |
| Sprinklers: |
None |
| Heat Type: |
Propane |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Interior Description: |
The house was gutted and modernized with new mechanical, electrical, plumbing and life safety systems. Finished with a blend of old and new including exposed wood from the original construction. |
| Zoning Description: |
Village Center District which allows for mixed use development including commercial and residential use |
| Lot Frontage: |
150 |
| Lot Depth: |
370 |
| Water Service: |
Well |
| Sewer Type: |
Septic |
| Land Ownership: |
Fee Simple |
| Legal Description: |
Deed into the Seller is RCRD 6007/492; then in 2022 about 7,500 sf was deeded to the abutter in the rear, on RCRD 6374/220. |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,822 |
19,726 |
76,228 |
| Median Age: |
45.17 |
42.13 |
41.01 |
| Households: |
679 |
6,962 |
27,664 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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