Commercial/Automotive/Retail/Hotel Site For Sale

Retail-Commercial for Sale
Also listed as Industrial
Catylist Listing ID: 30401872
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Parking Facility, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 17,741 SF
Gross Land Area: 3.50 Acres
Sale Price: $1,350,000
Unit Price: $76.09 PSF
Property Use Type: Vacant/Owner-User
Building Name: formerly Contemporary Auto Dealership
Usable Size (USF): 17,741 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2019

Overview / Comments

Ideal commercial/retail location for sale on Route 101A just west of downtown Milford, New Hampshire. This commercially zoned 3.5+/- acre site is improved with two buildings. The first structure is a 13,941 square foot former auto dealership and repair facility. This building has a typical car showroom in the front, a variety of sales and administration offices (including some mezzanine area) in the center and garage/repair facilities towards the rear. Five 12 foot drive-in doors

The second structure is a 3,800 square foot wood structure shed type building. Both buildings appear to be in good condition and well maintained. This building has six drive-in doors, four in front, one on the side and one in the rear. For more information regarding uses, refer to page 26 of the Town Zoning Ordinance.

The majority of the site is paved with ample parking, two curb cuts and over 470 feet of visible frontage along Route 101A.

Ideal uses would be to continue as auto related businesses, retail, wholesale, hotel, farming equipment, etc or many other uses by special exception including manufacturing, residential, research and development, etc. For more information regarding uses, refer to page 26 of the Town Zoning Ordinance.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $35,467 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Submarket/Township: Milford/Wilton
Taxing Authority: Town of Milford
Tax ID/APN: 16/4/1
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler
Property Visibility: Excellent
Feet of Frontage: 471
Traffic/Vehicle Count: 12,000
Highway Access: Route 101A
Airports: Manchester-Boston Regional Airport
Site Description: Level, irregularly shaped
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1985
Roof Type: Gambrel
Construction/Siding: Aluminum Siding, Brick/Aluminum Siding, Concrete, Steel Frame
Parking Type: Surface
Air Conditioning: Package Unit
Lot Frontage: 471
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,091 19,033 32,083
Median Age: 38.22 40.14 41.46
Households: 1,130 7,367 12,124

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