Retail Development & Business Opportunity - Location

Retail-Commercial for Sale
Catylist Listing ID: 30566482
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 3,200 SF
Gross Land Area: 0.40 Acres
Sale Price: $649,000
Unit Price: $202.81 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 3,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2020

Overview / Comments

Fantastic Location!! Great Solid Building!! Currently operating as Dry Cleaners and Launderette with a very good annual income. Economy Proof Your Business. Secure your Own Job in these Unprecedented Times - Work For Yourself ~ No Danger of Being Laid Off!
This 3,200 Sq.Ft building is very adaptable to many retail, restaurant, or Bank type uses, and many more.
Located with excellent visibility on the very busy Portsmouth Ave in Exeter.
Right next door to Provident Bank, and Margarita's adjacent to the bank.
Many retailers along this great stretch of Portsmouth Ave gives a location that is in the busiest part of Exeter.
Can be great for investors to place their national tenant, or for an owner operator for many national or regional franchises.

18,000 VPD on this stretch of Portsmouth Ave with 43,000+ at nearby Route 101. Come visit this highly vibrant part of Exeter, and see the possibilities!

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Town of Exeter, NH
Tax ID/APN: 65-0-125
Zoning: C-2
Retail Clientele: General, Family, Business, Tourist, Recreation
Property Located Between: Route 101 and Downtown Exeter, NH
Property Visibility: Excellent
Largest Nearby Street: Portsmouth Avenue
Feet of Frontage: 50
Highway Access: 18,000 VPD reported by NH DOT for 2014. Traffic count for the nearby Route 101 is reported at 43,525 in 2015. It's only heavier since then!
Airports: Manchester-Boston to the West. Boston Logan to the South.
Site Description: Rectangular lot of land slightly sloping upwards from Portsmouth Ave to a level building and rear.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,200 SF
Property Condition: Average
Year Built: 1965
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Good strong block building with full windows frontage.
Parking Type: Surface
Heat Type: Natural Gas
Lot Frontage: 50
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,252 21,561 39,365
Median Age: 44.57 44.21 44.59
Households: 1,074 8,860 15,739
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