49 SELF STORAGE UNITS & MIXED USE INVESTMENT

Retail-Commercial for Sale
Also listed as Special Purpose, Business Opportunity
Catylist Listing ID: 30344122
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Vehicle Related, Other
Building Size (RSF): 11,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.75 Acres
Sale Price: $625,000
Unit Price: $56.82 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 11/19/2018

Overview / Comments

This excellent investment property will not last! Ideal for a 1031 Exchange. Financial information available upon receipt of a NDA as per attached.

49 Self Storage units TOTAL - PINE TREE SELF STORAGE - fully rented with a waiting list - room for expansion of units at both Building #1 and Building #2. Also a main building with one lovely 2-bedroom apartment - Owner occupied (will vacate upon sale) and one very large studio apartment under a lease until May 31, 2019 - both separately metered for utilities. There is also a 1,000 +/- SF retail store with central air, selling antiques and 2nd hand furniture with a UHaul Rental Office as well generating income. The Owner currently operates the retail store - ideal for a User/Investor or to lease out. Very easy to manage property in great condition!
Front half of roof new in 2017 and rear half of roof new in 2016!

The Main building was built in 1986 and remodeled in 2004. Self Storage Building #1 was built in 2001 and the Self Storage Building #2 in 2004. This property was once the home of the Pine Tree Family Restaurant which seated 70 people. Over years 2001-2004 the restaurant was converted to the existing Main building today. Original plans of restaurant which occupied the retail store and 2-bedroom apartment still exists.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $12,180 (Annual)
Gross Operating Income $92,748 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Laconia
County: Belknap
Tax ID/APN: 02-0065-01
Zoning: COMMERCIAL 301
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: Corner of Route 28 and Watson Road
Property Visibility: Excellent
Highway Access: Route 28 and Minutes to Routes 4 and 202
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Excellent
Year Built: 1986
Year Renovated: 2004
Roof Type: Gable
Construction/Siding: Brick, Metal Siding, Wood Frame
Exterior Description: Very well maintained property with more than ample on-site parking.
Parking Type: Structure, Surface
Heat Type: Propane, Other
Heat Source: Central
Lot Frontage: 360
Water Service: Well
Sewer Type: Septic
Easements: Other

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,573 11,259
Median Age: 43.13 40.57
Households: 983 4,257

Contact

Photograph of Listing Agent

Wendy E. Keeler

Fairway Real Estate, LLC
NECPE Member
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