Two Commercial Condos for Sale - Salem, NH

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30566591
Property Subtypes: Convenience Store, Day Care Facility, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 5,108 SF
Gross Building Area: 5,194 SF
Sale Price: $499,000
Unit Price: $97.69 PSF
Property Use Type: Vacant/Owner-User
Building Name: Breckenridge Mall
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/14/2020

Overview / Comments

On Rt 28, the property is located next door to the Colosseum Restaurant. It consists of two contiguous commercial condos, first floor corner units. The current occupant is an electrical supply company. The tenant is vacating the premises on April 30, 2020. There is lots of open showroom and display space. This is a fabulous location for Retail, Restaurant, Medical or Office. In addition to the property being offered for sale, the owner is willing to lease the space at a rate of $12.00 psf nnn.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 4631
Zoning: CIB
Retail Clientele: General, Business
Property Located Between: The property is on the east side of Rt 28 north, 2 miles from Exit 2, I93
Property Visibility: Excellent
Largest Nearby Street: Rt 28
Highway Access: Exit 2 off I-93, East to Rt 28, north on Rt 28. Breckenridge Mall is 2 miles from I-93 on the right.
Airports: Manchester, Boston
Area Description: Busy commercial area with multiple commercial uses.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1987
Roof Type: Gable
Construction/Siding: Wood Frame
Total Parking Spaces: 150
Parking Type: Surface
Parking Description: 150+ paved spaces. Lot has been recently resurfaced and lined.
Sprinklers: Wet
Heat Type: Propane
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: The unit is mostly open space with one private office and 3 bathrooms.
Zoning Description: CIB Allowed uses: Retail, Restaurant, Office, Child Care, Churches, Amusement, Healthcare, Fitness, Personal Services, Contractor Sales, Laundry
Lot Frontage: 400'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Condominium ownership
Legal Description: Bk 2703 Pg 2026 and Bk 2749 Pg 2249

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,095 33,040 94,539
Median Age: 42.93 43.34 41.28
Households: 1,979 12,511 35,024

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