Quaint Downtown Retail Building for Sale/Lease

Retail-Commercial for Sale
Catylist Listing ID: 30848411
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 7,785 SF
Gross Building Area: 8,685 SF
Sale Price: $1,500,000
Unit Price: $192.68 PSF
Property Use Type: Vacant/Owner-User
Building Name: Grove Village Shops
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2024

Overview / Comments

This three unit building in the heart of downtown Peterborough is ideal for an owner user or an investor. Currently with one tenants Thai Cafe. Formerly home to a local chocolate / Ice Cream Store this masonry building has both charm, and endless possibilities. Permitted uses include:
1. Residential Uses.
2. Lodging Establishments.
3. Retail Establishments.
4. Restaurants.
5. Conference Facilities.
6. Personal and Professional Services.
7. Health Care Facilities.
8. Residential Care Facility [Added 5/14/19]
9. Residential Drug and Alcohol Treatment Facility [Added 5/14/19]
10. Museums, Theaters and Galleries.
11. Public or Private Recreational Facilities.
12. Public/Semi-Public Uses.
13. Parking facilities not associated with a permitted use.
14. Light industry, provided the use occupies no more than 5,000 square feet of the gross floor area and is entirely enclosed within buildings.
15. Associated Accessory Uses

Just to name a few.

Peterborough is a town in Hillsborough County, New Hampshire, United States. The population was 6,418 at the 2020 census. It is located along the Contoocook River at the junction of U.S. Route 202 and New Hampshire Route 101. Peterborough is 38 miles (61 km) west of Manchester and 72 miles (116 km) northwest of Boston.

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $1 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: U017-027-000
Zoning: DOWNTOWN COMMERCIAL DISTRICT
Retail Clientele: General, Business, Traveler, Tourist
Property Visibility: Good
Largest Nearby Street: Grove St
Feet of Frontage: 170
Traffic/Vehicle Count: 4,480
Highway Access: NH route 101
Airports: Manchester Regional (MHT)
Area Description: Bring your bold ideas and unleash your entrepreneurial passion in this small town where you will find deep community engagement and unparalleled intellectual capital. A town of 6,500 residents and one of New Hampshire’s oldest, Peterborough has all the beauty and charm of a classic New England village, but there is something quite different in the air here; a culture unlike any other. Here you will find the first tax-supported library in the country, the State’s oldest certified organic farm, and the largest solar array in all of New Hampshire, alongside the largest cannabis cultivator in the State, and the largest whiskey bar.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1975
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Sprinklers: Wet
Heat Type: Propane
Heat Source: Central
Zoning Description: The purpose of the Downtown Commercial District is to provide for a mix of mutually supporting uses, both business and residential, serving local, regional, and visitor markets within a pedestrian-oriented environment and a storefront character, doing so compatibly with the existing community character. A defining characteristic of this District is that it is pedestrian-oriented.
Lot Frontage: 170' Frontage
Lot Depth: 308
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,148 6,188 11,548
Median Age: 43.67 45.28 44.61
Households: 996 2,723 4,720
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