Multifamily / Industrial – Mixed Use Investment For Sale

Multi-Family for Sale
Also listed as Industrial
Catylist Listing ID: 30745125
Property Subtypes: Low-Rise/Garden, Mixed Use, Other
Number of Units: 8 Units
Building Size (RSF): 12,337 SF
Gross Building Area: See Agent
Gross Land Area: 7.30 Acres
Sale Price: $995,000
Unit Price: $124,375 Per Unit
Drive In Bays: 6 Bays
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 7/28/2021

Overview / Comments

Three buildings on site. Multifamily house is in front, faces Dow Road and consists of three residential units. Each has a separate entrance, nicely maintained and provides plenty of parking with back yard/patio space and shed for out storage. Two Industrial buildings are located in back of the lot and are fully occupied. Access to the Industrial portion is separate from the residential tenants, separate driveways are in place. Total of 9,000 SF of finished industrial space. One 5,000 SF and one 4,000 SF buildings, set up as individual units with drive in doors in place for each tenant. Good rental history with no current vacancies. This is an excellent property for an investor or an Owner Occupant / Industrial user.

Attachments & Media

Additional Details

Nearest MSA: Concord
County: Merrimack
Taxing Authority: Bow
Tax ID/APN: 25-5-75
Zoning: LIGHT INDUSTRIAL
Highway Access: 93 to Exit 11 in Hooksett. Also accessible from Exit 12 off Route 93/Rt 89 .
Site Description: The lot is level and consists of 7.3 acres with approximately of 10,000 SF of paved area, which creates ample yard spaces for all of the tenants.
Total Number of Buildings: 3
Property Condition: Average
Year Built: 1968
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity, Propane, Oil, Other
Heat Source: Baseboard, Other
Fuel: Gas, Oil, Electric, Propane
Zoning Description: Light Industrial
Lot Frontage: 100.73
Water Service: Well
Sewer Type: Septic
Easements: Electric Lines
Land Ownership: Fee Simple
Legal Description: 3652-1844

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,712 16,950 45,930
Median Age: 43.95 41.66 40.59
Households: 579 7,031 18,901
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