Commercial Investment Opportunity Downtown Plymouth

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30364088
Property Subtypes: Medical
Status: Pending/Contingent
Building Size (RSF): 3,932 SF
Gross Land Area: 0.42 Acres
Sale Price: $1,300,000
Unit Price: $330.62 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/2/2019

Overview / Comments

Downtown Plymouth commercial building with the majority of the space occupied by a successful dental practice with a solid long-term lease. This is an investment opportunity with even greater growth potential as two vacant commercial spaces exist on the lower level of the building. These two units have been used as storage by the current owners recently but could be re-converted into leased spaces.
Financials will be shared upon completion of an NDA.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $16,495 (Annual)

Additional Details

Nearest MSA: Claremont-Lebanon
County: Grafton
Tax ID/APN: 109-037
Zoning: VC
Property Visibility: Excellent
Highway Access: Property is located approximately 1 mile from I93 Exit 25.
Site Description: The downtown lot is serviced by municipal water and sewer and includes parking for approximately 24 vehicles, with 5 spaces in the front of the building and 19 to the rear of the building. The lot fronts Main Street, sloping in nature, with a moderate slope from front to rear, providing a walk-out level basement.
Area Description: Main Street in Plymouth features a mix of commercial and residential properties, featuring service and retail businesses, with land use within the immediate neighborhood dominated by Plymouth State University.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2001
Year Renovated: 2007
Roof Type: Arched
Construction/Siding: Wood Frame, Wood Siding
Exterior Description: Building is well maintained, professionally decorated, and easily accessible.
Parking Type: Surface
Parking Description: Parking is available on site for approximately 24 vehicles with 5 marked private spaces out front off Main Street and 19 private spaces at the rear of the building in a contained area.
Total Parking Spaces: 24
Sprinklers: None
Heat Type: Propane
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Interior Description: Fully outfitted as a dental facility with reception area, offices, and treatment areas professionally designed and decorated. Vacant spaces currently used for storage are completely finished.
Zoning Description: Village Central.
Lot Frontage: 109'
Lot Depth: 160'
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Right of Way.
Legal Description: Map 109, Lot 037.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,057 7,717 14,507
Median Age: 20.75 30.73 37.28
Households: 675 2,295 5,200

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