CBD Mixed Use Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30639581
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 51,374 SF
Gross Building Area: See Agent
Gross Land Area: 0.77 SF
Sale Price: $2,750,000
Unit Price: $53.53 PSF
Property Use Type: Investment
Building Name: Third Street Exchange
Sale Terms: Cash to Seller
Last Updated: 9/11/2020

Overview / Comments

Colliers is pleased to present this prominent mixed use property, commonly referred to as the Third Street Exchange building, with investment and redevelopment potential for sale in downtown Dover, NH.

Approvals are in place for a change of use on the second floor, converting seven commercial units to nine 1-bedroom units and one 2-bedroom unit with an increase in on-site parking.

24 on-site parking spaces are provided, plus 8 on-street spaces; parking is also available in the nearby Orchard Street municipal parking garage. Adjacent to the Dover Transportation Center, offering true commuter convenience.

Within walking distance to downtown Dover with amenities such as restaurants, banks, shops, and services, as well as the Children's Museum, Henry Law Park, and Dover City Hall.

Financial information available upon execution of a Confidentiality Agreement.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $41,985 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Submarket/Township: Dover/Rochester/Somersworth
Taxing Authority: City of Dover
Tax ID/APN: 31007-000000
Zoning: CBD
Retail Clientele: General, Business
Property Located Between: Second and Fourth Street
Property Visibility: Good
Largest Nearby Street: Chestnut Street
Feet of Frontage: 290
Area Description: Within walking distance to downtown Dover with amenities such as restaurants, banks, shops, and services, as well as the Children's Museum, Henry Law Park, and Dover City Hall. Adjacent to the Dover Transportation Center, offering true commuter convenience.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1930
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 24
Parking Type: Surface
Parking Description: 24 on-site parking spaces are provided, plus 8 on-street spaces; parking is also available in the nearby Orchard Street municipal parking garage.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Lot Frontage: 290
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,252 30,537 65,794
Median Age: 33.21 36.53 35.15
Households: 4,746 12,983 24,568

Contact

Photograph of Listing Agent

David F. Choate, III

Colliers International NECPE Member
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