Stand Alone Building with Exceptional Visibility
Retail-Commercial
for Sale
| Catylist Listing ID: |
30853713 |
| Property Subtypes: |
Free-Standing Building
|
| Building Size (RSF): |
2,376 SF
|
| Gross Land Area: |
0.20 Acres
|
| Sale Price: |
$625,000 |
| Unit Price: |
$263.05 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Usable Size (USF): |
2,376 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/1/2024 |
Overview / Comments
Outstanding potential redevelopment opportunity at corner lot across from the Bedford Mall. This prime location features frontage on South River Road and offers direct access to municipal utilities and natural gas.
National retailers in the vicinity include CVS, Boston Interiors, Panera, Chipotle, Starbucks, Kohls, Staples, Outback, REI, Home-Sense, and Sierra. This versatile location may be ideal for various businesses, such as retail stores, banks, restaurants, fast-food outlets, drive-thru services, gas stations, convenience stores, coffee shops, medical facilities, and numerous other potential uses.
Strategically positioned along a major thoroughfare leading to Market and Main, where prominent retailers like Trader Joe's and Whole Foods anchor a significant retail development.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$6,482 (Annual) |
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Taxing Authority: |
Bedford |
| Tax ID/APN: |
26/24/0 |
| Zoning: |
PZ |
| Retail Clientele: |
General, Business |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
South River Rd/ Route 3 |
| Feet of Frontage: |
102 |
| Highway Access: |
Route 3 to Route 101/93 and the Everett Tpk |
| Airports: |
Manchester/Boston Regional Airport |
| Site Description: |
This level lot provides outstanding visibility along South River Road. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
1964 |
| Roof Type: |
Gable |
| Construction/Siding: |
Wood Siding |
| Exterior Description: |
Roof replaced in 2020. |
| Total Parking Spaces: |
11 |
| Parking Type: |
Surface |
| Parking Description: |
Striped Lot |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Interior Description: |
At present, the front area is home to a hair salon, while the back space is occupied by a grooming business. |
| Zoning Description: |
Please refer to the attached Table of Permitted Uses from the Zoning Ordinance of the Town of Bedford as of March 15, 2023. |
| Lot Frontage: |
102 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
8991/2565 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,497 |
93,607 |
148,720 |
| Median Age: |
38.48 |
36.64 |
37.51 |
| Households: |
3,572 |
37,529 |
59,050 |
|
© Copyright 2024 Moody's. All Rights Reserved.
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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