Multi Family, retail building and heated garage for sale

Retail-Commercial for Sale
Also listed as Industrial, Multi-Family
Catylist Listing ID: 30860044
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 11,030 SF
Gross Building Area: See Agent
Gross Land Area: 3.48 Acres
Sale Price: $1,150,000
Unit Price: $104.26 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2023

Overview / Comments

This 3.48-acre property at 332-334 Dover Road is an excellent owner-user opportunity. It consists of three buildings, including a spacious 6,400+/- SF two-story standalone retail showroom, a heated 1,800+/- SF warehouse with loading capabilities, and a 3-unit New Englander apartment building featuring one 1BR, 1BA unit, one 2BR, 1BA unit, and one 3BR, 2BA unit. All apartments are currently leased on a Tenant at Will (TAW) basis, with the owner occupying the 2-bedroom apartment and self-managing the property.

The property's flexible zoning allows for various uses, making it suitable for diverse business needs. Situated along Route 4, it benefits from high visibility and heavy traffic. The retail building is available for lease at $5,000 per month on a modified gross basis, and the garage warehouse can be leased for $1,500 per month on a modified gross basis.

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 000003000057000000
Zoning: COMMERCIAL
Retail Clientele: General, Business, Traveler, Other
Property Visibility: Excellent
Largest Nearby Street: Rt 4, Dover Road and Rt 106
Feet of Frontage: 253
Highway Access: The property is situated on Rt 4, which intersects with Rt 28 at the Epsom traffic circle and extends to connect with I-95.
Site Description: Major road frontage and access.
Area Description: The Rt 4 corridor of Chichester is a very active commercial area with an assortment of sales, light industrial, and retail facilities situated along the area between Concord and the Epsom traffic circle.
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Year Built: 1980
Roof Type: Gable
Construction/Siding: Vinyl Siding
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Surface on-site parking
Heat Type: Hot Water
Heat Source: Central
Lot Frontage: 253
Water Service: Well
Sewer Type: Septic
Easements: Ingress/Egress
Easements Description: Shared driveway with abutting property

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,486 7,502 28,865
Median Age: 44.55 42.01 41.57
Households: 542 2,985 11,793

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