5 Unit Comm/Residential Investment Property in Downtown Meredith

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 30343604
Property Subtypes: Free-Standing Building, Mixed Use, Other
Building Size (RSF): 4,165 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $510,000
Unit Price: $122.45 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 11/20/2018

Overview / Comments

8.5% CAP investment property in Downtown Meredith, offering 3 storefronts, 2 residential apartments and 3 garages. Built in 1900 this property was acquired in 2016 by the current owners and many capital improvements have taken place. New roof drainage system, electrical upgrades, 2 new water heaters, some new windows and painted the building. Storefront Unit #1 in 2017 was completely renovated with new windows and flooring. Located adjacent to the popular Mill Falls Marketplace and the Meredith Sculpture Walk makes this a great location. Financials available upon request. This investment property will not disappoint. 48 hours advance notice for showings.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $5,544 (Annual)

Additional Details

Nearest MSA: Laconia
County: Belknap
Tax ID/APN: Meredith
Zoning: CENTRAL BUSINESS
Retail Clientele: General, Family, Business, Tourist, Other
Property Located Between: Main Street and Route 3
Property Visibility: Excellent
Largest Nearby Street: Main Street
Feet of Frontage: 56
Highway Access: 15 Minute to Exit 23 of I-93
Site Description: City lot, landscaped, adjacent Meredith Sculpture Walk
Area Description: Downtown
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,129 SF
Property Condition: Good
Year Built: 1900
Year Renovated: 2016
Roof Type: Gable
Construction/Siding: Wood Frame
Heat Type: Propane
Heat Source: Baseboard, Other
Zoning Description: Central Business
Lot Frontage: 56
Lot Depth: 114
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,820 4,189 8,421
Median Age: 46.92 47 48.52
Households: 1,280 1,815 3,698

Contact

Photograph of Listing Agent

Kevin Sullivan

Weeks Commercial NECPE Member
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