100% LEASED ALLSTATE INSURANCE & RESIDENTIAL UNITS

Office for Sale
Catylist Listing ID: 30675272
Property Subtypes: Office Building
Building Size (RSF): 2,880 SF
Gross Building Area: See Agent
Gross Land Area: 0.89 Acres
Sale Price: $448,750
Unit Price: $155.82 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: ALLSTATE BUILDING
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/17/2021

Overview / Comments

Excellent opportunity to purchase this 100% occupied building located on RT 125 in Plaistow, NH. This building provides various opportunities for the new owner. There is a major upside to renew the current tenants and grow the rent roll or to occupy some space while collecting rent. Allstate has been at this location for 9 years with no indication of leaving, while the two residential tenants have been here since 2003 and 2015. The property has been meticulously maintained and provides a highly visible location on Plaistow Road. This property can be purchased individually or with the two neighboring parcels that also for sale by the same owner - 172 Plaistow Road and 174 Plaistow Road. Call MANSARD today for more details or to schedule a tour.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 30062000000
Zoning: COM
Property Visibility: Excellent
Highway Access: Located on RT 125 in Plaistow, NH. 8.1 miles from I-495
Airports: 23 miles from Manchester-Boston Regional Airport
Area Description: Located on the highly trafficked RT 125, Plaistow is situated on nine square miles. Plaistow is bordered by Hampstead, Kingston, Newton, Atkinson and Haverhill, Massachusetts.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,440 SF
Year Built: 1985
Exterior Description: 90.0' lot frontage
Parking Type: Surface
Total Parking Spaces: 15
Heat Type: Steam
Zoning Description: C-1
Lot Frontage: 90'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,775 24,233 64,951
Median Age: 40.91 43.6 41.9
Households: 1,455 9,551 24,575

Contact

Photograph of Listing Agent

Jeremy Cyrier

Mansard NECPE Member
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