Two Adjacent Properties in Rochester, Industrial and Residential

Industrial for Sale
Catylist Listing ID: 30819078
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 3,777 SF
Gross Building Area: See Agent
Gross Land Area: 0.51 Acres
Sale Price: $650,000
Unit Price: $172.09 PSF
Ceiling: 22 ft.
Office SF: 250 SF
Drive In Bays: 2 Bays
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/7/2022

Overview / Comments

Opportunity to purchase a commercial property at 57 Summer St. with a 1800 SF building that consists of a small office, bathroom and light manufacturing space. Plus, directly behind the building is a 960 SF two-bay garage with a ceiling height of nearly 12'. The lot is 0.26 +/= acres. The asking price for this is $350,000.

Adjacent to this property, on 0.25 acres is a single family residence at 63 Summer St. that is available to purchase with 57 Summer St. The home has 1017 +/- SF of living area with a 180 +/- SF enclosed porch, a large outdoor deck and a freestanding shed. The price for this property is $300,000. The two properties currently share a driveway.

This is a unique opportunity for an investor, developer or business owner looking to relocate or expand. Live and work with no commute, offer employees housing next door or lease out one or the other or even both for a nice return. Total asking price for both properties is $650,000.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 0117-0066-0000
Zoning: COMMERCIAL AND RESIDENTIAL
Property Located Between: Signal St and Kimball St
Highway Access: Within a few blocks of Rt 125
Airports: Manchester-Boston Regional Airport, Boston Logan and Portland
Site Description: Two properties - one industrial and one residential. Commercial property is the primary offer and can be purchased by itself or with the residential. Highly visible building with onsite parking in front and out back.
Area Description: The location is down the block from the US Post Office and other businesses and easily accessible to highways.
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 2,000 SF
Property Condition: Fair
Roof Type: Gable
Construction/Siding: Steel Frame, Vinyl Siding, Wood Siding
Exterior Description: The two commercial buildings have wood siding. The Single Family residence has vinyl siding.
Parking Type: Surface
Parking Description: The commercial property has enough parking for 10 out front and then 6 in the back. The single family has parking for 2 in the back of the house. There is plenty of land to increase the parking out back of either parcel.
Total Parking Spaces: 18
Eave Height: 12
Sprinklers: None
Amps: 200
Heat Type: Electricity, Oil
Heat Source: Baseboard, Other
Lighting: Fluorescent
Internet Access: Cable
Interior Description: 85% of the Commercial building is open space for light manufacturing and showroom with 22' to 24' high to ceiling and eaves/rafters top is 12' from ground, no columns. The garage door bays height is 9'6" and the width is 11'8". Inside the garage is approximately 14' in the center.
Zoning Description: Industrial for one and Residential for the other.
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress
Easements Description: Shared driveway between two properties and at the back of the property are electrical lines.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,355 25,400 42,449
Median Age: 38.03 40.31 40.43
Households: 5,130 10,420 17,237
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