31 Garden Rd, Plaistow, NH

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30864455
Property Subtypes: Free-Standing Building, Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 14,675 SF
Gross Land Area: 1.96 Acres
Sale Price: $3,000,000
Unit Price: $204.43 PSF
Ceiling: 14 ft.
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/1/2024

Overview / Comments

Formerly Rite Aid, this building was recently constructed in 2011. It's well located in the Rt-125 corridor amongst numerous other national and regional tenants. Located across the street from Home Depot and Staples, with Convenient MD immediately to the South, the structure is well-constructed and well maintained. There is a drive-thru on the back side, which provides for convenience for retail customers. The loading door provides easy delivery for any type of retail use - located with entry points both directly from Rt-125 and off of Westville Rd, which is a lighted intersection.

Financials

Finance Data Year 2024
Real Estate Taxes - Annual($) $67,273 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 26-049-000
Zoning: C-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Largest Nearby Street: Plaistow Road
Feet of Frontage: 160
Traffic/Vehicle Count: 22,000
Highway Access: Rt-125
Airports: Portsmouth International Airport (35min), Boston Logan International Airport (45min)
Site Description: Gently sloped with plenty of parking, this property is accessible from both Westville Rd and Garden Rd off Rt-125. The Westville Rd intersection with Rt-125 is well-lit. The site is fully paved, and there's a convenient drive-thru at the back of the building. Mature landscaping surrounds the property, and there's a sidewalk for easy access from Rt-125.
Area Description: In the heart of the Plaistow retail strip, surrounded by Home Depot, Staples, Convenient MD & numerous other national retail outlets. this site is less than a mile from the Massachusetts border, for tax free shopping in New Hampshire. Access is either via Westville Rd., a lighted intersection, or directly off of Rt 125. Many national tenants are located on this retail corridor, which consists of a densely occupied retail corridor in a short distance.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 14,675 SF
Property Condition: Excellent
Year Built: 2011
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick & Cosmetic block
Total Parking Spaces: 64
Parking Type: Surface
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Interior Description: Wide open, clear span, partitions in place separating out loading door and the pharmacy. Men's and women's restrooms and a small break room. There is also second floor storage and utility room and first floor security room.
Zoning Description: C-1
Lot Frontage: 160
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,943 27,748 100,418
Median Age: 42.86 41.94 40.74
Households: 1,189 10,573 38,743
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