Commercial/Industrial Redevelopment Site for Sale

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30061406
Property Subtypes: Industrial-Business Park, Mixed Use, Light Industrial, Warehouse/Distribution, Other
Status: Pending/Contingent
Building Size (RSF): 79,443 SF
Gross Land Area: 6.60 Acres
Sale Price: $1,595,000
Unit Price: $20.08 PSF
Ceiling: 20 ft. Clear
Docks/Doors: 5 Docks
Drive In Bays: 4 Bays
Property Use Type: Investment, Business
Usable Size (USF): 79,443 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2018

Overview / Comments

Huge redevelopment potential. 6.6 +/- acres with great visibility at intersection of Rte 28 and Rte 3.. Long term industrial site recently rezoned to General Commercial. Short term income of $7,500 per month with current tenants. 4 buildings on site, Bld #1 is 66,838 SF with a 24' ceiling, multiple docks and drive in doors. In addition to the existing use of the property which is industrial, the new zoning opens the opportunity for a wide range of commercial uses. This is most any business, service or public use including but not limited to retail, hospitality, places of amusement or assembly, health facilities, municipal uses, restaurants, garden centers, filling stations/automotive repair and churches.

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 000109-000029-000001 and 000000
Zoning: GENERAL COMMERCIAL
Property Located Between: Intersection of Rte 3 and Rte 28 in Allenstown, NH
Highway Access: I 93 is accessible at the Hooksett Tollbooth Exit or in Concord. I 89 to the north is accessed in Concord
Airports: Concord, Manchester, Boston
Site Description: Flat site composed of 6.6 +/- acres with frontage on Rte. 3 (approx. 314'), Rte. 28 (approx. 340') and approx. 700' on Old Chester Turnpike
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 79,443 SF
Property Condition: Fair
Year Built: 1962
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: 100 car parking on site
Total Parking Spaces: 100
Column Spacing: 25'
Sprinklers: Wet
X-Phase: 3 phase
Heat Type: Natural Gas, Oil
Heat Source: Other
Internet Access: Cable
Zoning Description: Property has recently been zoned from Industrial to General Business. The property can remain in its current use or redeveloped as a commercial site.
Lot Frontage: Approximately 1354'
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,976 15,007 28,661
Median Age: 40.38 39.86 41.64
Households: 1,693 5,970 11,415

Contact

Photograph of Listing Agent

Scott Walker

Premiere Properties
NECPE Member
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