Development/Investment Site for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30533854
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 1,930 SF
Gross Building Area: See Agent
Sale Price: $1,575,000
Unit Price: $816.06 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2020

Overview / Comments

Property consists of 2.02 Acres improved with one single story, two unit commercial building and 3 houses. One of the two units in the commercial building has been left vacant for a potential owner user; the other side has La Mulita Coffee Roasters as a tenant. The 3 houses are leased.
Financial information available upon request and signing of confidentially agreement.

This property offers a developer a value-added opportunity to improve this well-located investment.
There is an opportunity for a developer to upgrade and improve the existing homes, and to expand the commercial uses at the property to create additional retail or office space.
Property is located next to Foyes Corner Roundabout in Rye, NH, and located less than 3 miles to either Wallis Sands Beach in Rye or Downtown Portsmouth.

Property Features
2.02± Acres
Municipal Water, Private Septic; Municipal Sewer is now available at the street for hook-up
Zoning: Commercial
One 2-unit commercial building and 3 houses
Allowable uses: Retail and Office; Residential Use is

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 024-022-000
Zoning: COMMERCIAL
Retail Clientele: Family, Business, Traveler
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Lot Frontage: 259
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,908 25,513 40,443
Median Age: 45.55 42.29 43.17
Households: 761 12,031 18,585

Contact

Photograph of Listing Agent

Andy Fleisher, CCIM

NAI Norwood Group NECPE Member
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