Office Building and Adjacent land

Retail-Commercial for Sale
Catylist Listing ID: 30151664
Property Subtypes: Free-Standing Building
Building Size (RSF): 4,206 SF
Gross Building Area: 7,478 SF
Gross Land Area: 2.73 - 5.50 Acres
Sale Price: $375,000
Unit Price: $89.16 PSF
Property Use Type: Investment, Business
Building Name: Town Hill Offices
Usable Size (USF): 4,206 SF
Sale Terms: Cash to Seller
Cap Rate: 6.33%
Average Occupancy Rate: 100
Last Updated: 2/13/2018

Overview / Comments

Two deals . Investors, Developers and/or Self- Employed Owners. Well maintained New Ipswich Office building - prime visibility - within minutes of MA border - also includes separate commercial building lot. . Standalone 4,200 sq/ft building on 2.73 acres with ample paved parking. Fully leased ( 3 tenants) with built-in acceleration clauses. Possible Takeout of Owners end unit - if needed. Sales price Includes separate adjacent 2.77 acre lot with frontage and curb cut. ( Total acreage = 5.50+- acres).


Finance Data Year 2017
Real Estate Taxes - Annual($) $11,457 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: Town of New Ipswich
Tax ID/APN: NIPS M:00011 L:000006 S:000004
Zoning: RD R
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: Route 124
Feet of Frontage: 405
Highway Access: Route #124 frontage
Site Description: Office building on Lot #6-4 ( 2.73 acres). Adjacent lot #6-5 ( 2.77 acres) - partially wooded - has separate driveway access.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1988
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Paved
Sprinklers: None
Heat Type: Propane
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: RD - R
Lot Frontage: Lot #6-4 @ 202.6', Lot #6.5 @ 202.3'
Lot Depth: 598'
Water Service: Well
Sewer Type: Septic
Easements: Electric Lines
Land Ownership: Owned

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,565 6,027 12,752
Median Age: 37.67 36.96 40.54
Households: 920 2,141 4,684


Photograph of Listing Agent

William M. Spinelli

Bean Group NECPE Member
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