OFFICE OR MEDICAL SPACE FOR SALE WITH 4-BR APARTMENT ABOVE!

Office for Sale
Sale Pending
Also listed as Multi-Family, Special Purpose
Catylist Listing ID: 29733292
Property Subtypes: Institutional, Medical, Mixed Use, Other
Status: Pending
Building Size (RSF): 3,792 SF
Gross Land Area: 0.23 Acres
Sale Price: $370,000
Unit Price: $97.57 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/3/2018

Overview / Comments

Great investment Property or Owner-occupied property for a Buyer who has a commercial use on the 1st Floor and would like to live on the 2nd Floor! The 1st Floor commercial space can also be converted to a one or two residential units.

This property offers 1,584 SF suite on the 1st Floor previously occupied by dentists. Continuation of medical use is allowed by right. Office or hair salon on 1st Floor allowed by Special Exception. Current on-site parking of 11-12 spaces meets zoning requirements for commercial uses on 1st Floor with the 4 bedroom apartment on 2nd Floor.

1st Floor Layout consists of 6 operatories which now can be used as private offices or can continue as operatories for medical. Some of the rooms have or had sinks, one was used as a clean room and one was used with high Tech X-ray in place. There is also a large reception/waiting area, glassed in receptionist desk, kitchenette, handicap bathroom. Lots of glass and lots of sunshine. There is a full basement, approximately 1/2 is partially finished basement with a one-half bath, small lab area and kitchenette, washer and dryer hook-up. This suite has central air. This 1st Floor unit can also be converted back to one or two residential apartments.

There is a 2,100 +/- SF four-bedroom apartment on the 2nd and 3rd Floor, This beautiful apartment has been occupied by the Owners for several years who recently moved south. This apartment has been leased for one year for $1,600 per month plus Tenant to pay utilities. Landlord is prepared to renew this lease for one more year with Tenant. This beautiful and spacious apartment includes hardwood floors, large formal dining room, spacious kitchen with granite counter tops and granite counters on kitchen island, stainless steel appliances included; four-season sun-room, large living room with gas fireplace, study, laundry room. Two of the bedrooms are on the 2nd Floor and two of the bedrooms are on the 3rd Floor. One full bath on the 2nd Floor and a 3/4 bath with own hot water heater on the 3rd Floor. 3 Skylights! Oil heat for 2015 winter season was only $450 to $500!

Separate utilities for each unit! Central air and Gas furnace for 1st Floor and oil steam heat for apartment. There are 11-12 on site paved parking spaces. The 1st Floor is also handicap accessible and can be accessed by a ramp to the rear of the building from the parking lot.

The first floor of this building formerly used as medical space is also available for lease.

RE taxes are $10,364.59

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $10,489 (Annual)
Tax Value Land $187,900
Tax Value Improvements $191,200
Assessed Value - Total($) $379,100 (Annual)
Finance Data Year 2015
Real Estate Taxes - Annual($) $10,364 (Annual)
Tax Value Land $187,900
Tax Value Improvements $191,200
Assessed Value - Total($) $379,100 (Annual)
Potential Rental Income $48,000 (Annual)
Finance Data Year 2014
Real Estate Taxes - Annual($) $10,571 (Annual)
Tax Value Land $187,900
Tax Value Improvements $206,400
Assessed Value - Total($) $394,300 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 60/ 1/ 19/ /
Zoning: RN - NEIGHBORHOOD RESIDENTIAL DISTRICT
Market Type: Large
Property Located Between: Across from Concord Group Insurance, on your right heading south
Road Type: Paved
Property Visibility: Excellent
Transportation: Highway, Other
Highway Access: Minutes to Interstate 93 and 393. Minutes to downtown Concord.
Site Description: Highly visible location.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1924
Year Renovated: 1983
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame
Exterior Description: Very beautiful building, with professional image. Large on-site parking lot to rear of building.
Parking Type: Surface
Parking Description: 12 on site parking spaces.
Total Parking Spaces: 12
Heat Type: Natural Gas, Oil
Heat Source: Central, Wall Units
Air Conditioning: Engineered System, Window Unit
Zoning Description: Medical use at this property was received from Zoning Board of Adjustment by a Special Exception. Currently medical or residential on 1st Floor is allowed. Office use by special exception.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,349 29,960 49,719
Median Age: 34.96 39.35 39.81
Households: 2,552 12,304 20,234

Contact

Photograph of Listing Agent

Wendy E. Keeler

Fairway Real Estate, LLC
NECPE Member
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