Investment or Owner Occupied Opportunity

Retail-Commercial for Sale
Sale Pending
Also listed as Office, Business Opportunity
Catylist Listing ID: 30426327
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Status: Pending
Building Size (RSF): 4,212 SF
Gross Building Area: See Agent
Gross Land Area: 0.38 Acres
Sale Price: $150,000
Unit Price: $35.61 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2019

Overview / Comments

Beautiful Brick Building located in the heart of downtown Pembroke business district!
Formerly used as the Town of Pembroke Police Station.
Finished basement area is the the current home of the Town of Pembroke Sewer Department. First floor has a large open reception/conference area with four private rooms that are currently rented to three different entities on a month to month basis
The fully finished 2052 +/- SF second story was recently updated and is currently rented on a month to month basis.
There is a possibility the second floor could be utilized as a residential use but would require the addition of a kitchen and town approval.
There are 17 total on site paved parking spaces with 2 handicap spaces. Also, there is additional on street parking across the street.
There have been many recent capital improvements including a new roof, new paved parking lots and 2 car attached garage.
Financials available upon signing of a NDA.
Pembroke Sewer Department has a 30 day right of first refusal on any accepted offers.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $1,908 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 378
Zoning: B-2
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: Main Street
Feet of Frontage: 148
Highway Access: Route 3 is 2 minutes away. Route 93 is 10 minutes away. Route 89 is 10 minutes away..
Airports: Concord Airport 10 minutes; Manchester Boston Regional Airport 25 minutes
Site Description: Level paved site with a small green area.
Area Description: In the heart of the central business district for the Town of Pembroke.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,000 SF
Property Condition: Good
Year Built: 1931
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 17
Parking Type: Structure, Surface
Parking Description: 17 on site including 2 handicap spaces and additional 2 car attached garage.
Sprinklers: None
Heat Type: Natural Gas, Hot Water
Heat Source: Central
Internet Access: Cable
Interior Description: Finished with suspended ceilings and carpeted floors.
Zoning Description: B-2. which allows many uses to include but not limited to, professional and business office, educational,retail,restaurant, funeral home, preschool, membership
Lot Frontage: 148
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Adjoining non-build-able vacant lot includes a sewer easement. Town may possibly merge the subject lot with the adjoining non-build-able lot.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,562 12,860 31,763
Median Age: 39.14 39.78 41.59
Households: 2,315 5,159 12,887

Contact

Photograph of Listing Agent

Craig Keeler

Fairway RE LLC CD
NECPE Member
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