North Concord Shopping Center for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30720085
Property Subtypes: Mixed Use
Building Size (RSF): 16,677 SF
Gross Building Area: 21,247 SF
Sale Price: $1,375,000
Unit Price: $82.45 PSF
Property Use Type: Investment
Building Name: 217 Fisherville Road
Sale Terms: Cash to Seller
Cap Rate: 6.59%
Last Updated: 7/30/2021

Overview / Comments

Retail shopping center investment opportunity at the crossroads of North Concord's retail corridor. The center offers strong upside potential, The current NOI of $90,633 could grow to $162,018 upon leasing. The stable tenant mix includes a local pharmacy, eye center, gym, and a Subway restaurant.

217 Fisherville Road offers excellent visibility, ample parking, and full access at the crossroads of North Concord's retail corridor.

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 201/P3/CT/
Zoning: GC - GENERAL COMMERCIAL
Property Visibility: Excellent
Largest Nearby Street: State Route 3 - Fisherville Rd
Feet of Frontage: 221
Traffic/Vehicle Count: 11,600
Highway Access: Full access via signalized intersection and two curb cuts.
Site Description: Outstanding visibility on State Route 3 at the crossroads of North Concord's retail corridor.
Area Description: The center serves the daily needs of this vibrant North Concord community with close access to neighborhoods, high school, elementary school, and neighboring communities.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 8
Property Condition: Average
Year Built: 1986
Total Parking Spaces: 66
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface parking at a 3.96/1000 ratio with access to ample parking on surrounding parcels.
Zoning Description: General Commercial.
Lot Frontage: 221.43

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,110 18,843 35,858
Median Age: 36.03 39.31 38.66
Households: 2,983 7,100 14,460

Contact

Photograph of Listing Agent

Jesse Hepler

SVN The Masiello Group
NECPE Member
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