RARE OPPORTUNITY FOR THIS COMMERCIAL MIXED-USE BUILDING

Office for Sale
Catylist Listing ID: 30819296
Property Subtypes: Executive Suites, Coworking, Governmental, High-Tech, Institutional, Medical, Mixed Use, Office Building, Research & Development
Building Size (RSF): 8,290 SF
Gross Land Area: 0.16 Acres
Sale Price: $685,000
Unit Price: $82.63 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User, Business
Class of Space: Class B
Usable Size (USF): 7,025 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/4/2022

Overview / Comments

A rare opportunity to purchase a commercial mixed-use building in the heart of Newport NH business center. The main floor has a large open space with 9 cubicles, 7 private rooms with one ½ bath. The lower level is currently used as an employee break room with multiple bathrooms. Beyond the break area there are three large spaces that can be converted or used as extra storage. A large garage area offers additional storage or excellent place to receive deliveries. The second level has 14 rooms and 3 full baths and great lighting. The build is energy efficient with a large roof-top solar grid that generates enough KW to power the electrical aspects of the building. Plenty of parking between the front, side, and rear of the building where a large parking lot exists. This property has a desirable footprint and is well-maintained. The excellent visibility and versatility make it unique to its location so don’t hesitate to schedule a private viewing.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $12,029 (Annual)

Additional Details

Nearest MSA: Lebanon
County: Sullivan
Tax ID/APN: 111-011-000-000
Zoning: B110 LIGHT COMM
Property Visibility: Excellent
Site Description: Level - Downtown Central Location
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1816
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Front, Side and Large Lot in the back of the building.
Heat Type: Oil
Heat Source: Baseboard, Other
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,507 9,872
Median Age: 41.63 43.22
Households: 2,629 4,072

Contact

Photograph of Listing Agent

Anthony W. Dolan

Dolan Real Estate NECPE Member
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