Fabulously Located Retail - Office - Mixed Use For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30574020
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 4,232 SF
Gross Building Area: 6,954 SF
Gross Land Area: 0.17 Acres
Sale Price: $499,000
Unit Price: $117.91 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 4,232 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2021

Overview / Comments

Great owner/user opportunity located on a busy corner in the heart of downtown Derry NH! Great possibilities for this centrally located property. Conveniently located on busy Route 28, and just minutes from I-93. Located on the corner of Crystal Avenue/ Route 28 and Lincoln street. Property gets lots of foot traffic due to all major retailers, banks, and restaurants being a stone throw away. Route 28 Traffic Counts range from 15,000 to 22,000 per day. This property has Excellent visibility with 70’ of frontage and offers on-site parking.

This Unique property can be 2 or 3 mixed use units. Currently set up with two commercial units on the 1st floor with three half baths total. The 2nd floor, three bedroom apartment is very spacious with one full bathroom. Tenant is in place or can be owner occupied.

Zoning is General Commercial with a broad range of uses. The gross building area totals 6,954 SF, 4,232 usable SF. There are 16 on-site parking spaces and both lower units are handicap accessible. Front unit on the 1st floor was recently used as a bakery, back unit was used as office. Can be combined for larger retail/showroom space. Great investment to take your business or bank account to the next level.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Town of Derry, NH
Tax ID/APN: 31-083-0
Retail Clientele: General, Business
Property Visibility: Good
Feet of Frontage: 70
Traffic/Vehicle Count: 17,500
Highway Access: Route 28 to I-93, I-293 and I-101.
Airports: MHT - Manchester/Boston
Site Description: Main retail area located on bustling Rte 28.
Area Description: Property is located on Route 28 at the hub of many retail and other businesses in a very busy area.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1928
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Paved parking at front of Retail / Office, with additional parking for rear space on Lincoln Street.
Total Parking Spaces: 16
Parking Type: Surface
Heat Type: Oil
Zoning Description: General Commercial for mixed use zoning.
Lot Frontage: 70
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,815 33,959 65,017
Median Age: 36.2 38.6 39.16
Households: 3,459 13,269 23,813
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