Office Building for Sale Belmont, NH

Office for Sale
Catylist Listing ID: 30510009
Property Subtypes: Office Building
Building Size (RSF): 22,980 SF
Gross Building Area: 34,642 SF
Gross Land Area: 3.23 SF
Sale Price: $990,000
Unit Price: $43.08 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 22,980 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/26/2020

Overview / Comments

Well built free standing office building located on busy Rt 106 in Belmont, 2 miles south of Rt 11. This 2 story building has been well maintained by the owner occupant. It consists of 22,980 SF which includes offices, R&D, and warehouse space. The site provides paved parking for 60+/- cars.

The seller plans to vacate the property spring of 2020 but will consider a lease back of a portion of the building beyond that date.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $49,198 (Annual)

Additional Details

Nearest MSA: Laconia
County: Belknap
Tax ID/APN: 217-103-000-000
Zoning: COMMERCIAL
Property Located Between: Rt 106 2 miles from Rt 11
Property Visibility: Excellent
Highway Access: The property is on Rt 106.
Airports: Laconia, Concord, Manchester, Boston
Site Description: The site is level with 189.71 +/- feet of frontage. There is a paved parking area for 60+/- cars.
Area Description: This is an active business park with office, retail, and industrial facilities.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 11,490 SF
Year Built: 1995
Year Renovated: 2005
Roof Type: Gable
Construction/Siding: Block
Parking Ratio: 2.6 (per 1000 SF)
Parking Type: Surface
Parking Description: Paved parking for 60+/0- cars
Total Parking Spaces: 60
Sprinklers: None
Heat Type: Propane
Heat Source: Heat Pump
Air Conditioning: Engineered System
Interior Description: The property features 19,180+/- SF of office space with 16 private offices, several conference rooms, and R&D space. There is an additional 3,800+/- SF of warehouse and lab areas.
Zoning Description: Commercial
Lot Frontage: 189.71
Water Service: Well
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: Bk 3001 Pg 0054 Warranty Deed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,922 9,867 26,186
Median Age: 42.76 41.57 42.39
Households: 775 3,967 10,750

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