Excellent Retail Space for Sale

Retail-Commercial for Sale
Also listed as Business Opportunity, Office
Catylist Listing ID: 30314940
Property Subtypes: Convenience Store, Day Care Facility, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 8,400 SF
Gross Building Area: See Agent
Sale Price: $350,000
Unit Price: $41.67 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/17/2019

Overview / Comments

Excellent retail space; now available for sale!

Located in the heart of Somersworth, there are many possibilities with this well laid out end cap unit that offers over 8,400+/- SF. Property offers lots of opportunities and is well suited for a variety of uses from retail to office and has ample onsite parking with over 100 shared parking spaces. Neighboring businesses include Wentworth Health Partners (affiliated with Wentworth Hospital), H&R Block, NH Liquor store among others. With a daily traffic count of over 5,200 + and a population of 11,719 in Somersworth, this is a great place to start your business. Property is adjacent to Somersworth City Hall and the Public Library and is close proximity of Rt. 108 and the Spaulding Turnpike and is in walking distance to shopping, restaurants and more.
This asset qualifies for NH Chapter 79-E revitalization tax incentives that can significantly reduce expenses for up to 7 years and the city has just made substantial infrastructure investment towards future development.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $11,512 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Submarket/Township: Dover/Rochester/Somersworth
Submarket Type: Central Business District
Tax ID/APN: 09196-10 165 0
Zoning: BUSINESS DISTRICT
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Largest Nearby Street: Route 108 and Spaulding Turnpike
Traffic/Vehicle Count: 5,200
Highway Access: Close proximity of Rt. 108 and the Spaulding Turnpike and is in walking distance to shopping, restaurants and more.
Area Description: Recently revitalized section of downtown Somersworth, near shopping, restaurants, medical services and other amenities.
Tenancy: Multiple Tenants
Property Condition: Excellent
Year Built: 1965
Roof Type: Flat
Construction/Siding: Wood Frame
Exterior Description: Concrete Block
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 440
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,407 22,804 57,129
Median Age: 33.64 38.59 38.57
Households: 2,222 9,178 23,009

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