A unique redevelopment opportunity in Hampton

Retail-Commercial for Sale
Catylist Listing ID: 30873034
Property Subtypes: Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 3,120 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $384.62 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/6/2024

Overview / Comments

Located in the heart of Hampton’s bustling retail corridor on Route 1, this ±0.40-acre property offers a distinctive redevelopment prospect for both investors and developers. Shadow anchored by Hannaford Supermarket and benefiting from over ±14,300 VPD, this property offers unrivaled visibility and accessibility. In close proximity to McDonald’s, Walgreens, and Dunkin’, this location has a strong neighboring presence of national retailers and 2 hotel chains. With general commercial zoning (TC-N) and 2 curb cuts on Lafayette Road, this property would make an excellent site for a coffee shop, QSR, or bank as it could allow for a new building with a drive through and is situated on the morning commute side of Route 1. There is currently a ±3,120 SF building on the site with an operating laundry and dry-cleaning business that could also be repurposed. Tap into Hampton’s growing market and contact Downtown Realty today for additional information.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $9,275 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 126-023-000
Zoning: TC-N
Retail Clientele: General, Family, Business, Other
Property Visibility: Excellent
Feet of Frontage: 135
Traffic/Vehicle Count: 14,300
Highway Access: 1-mile to101 and 95
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Roof Type: Flat
Parking Type: Surface
Lot Frontage: 135

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,208 21,990 39,738
Median Age: 46.15 46.83 46.04
Households: 2,653 9,437 16,694

Contact

Photograph of Listing Agent

Matthew Lefebvre

Downtown Realty NECPE Member
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