5 Unit Comm/Residential Investment Property in Downtown Meredith

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Multi-Family
Catylist Listing ID: 30343604
Property Subtypes: Free-Standing Building, Mixed Use, Other
Status: Pending/Contingent
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
Last Updated: 3/25/2019

Overview / Comments

Great 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.


Finance Data Year 2018
Real Estate Taxes - Annual($) $5,686 (Annual)
Gross Operating Income $64,687 (Annual)
Net Operating Income $40,792 (Annual)

Additional Details

Nearest MSA: Laconia
County: Belknap
Tax ID/APN: Meredith
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

View FullscreenMap

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


Photograph of Listing Agent

Kevin Sullivan

Weeks Commercial NECPE Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.