Mixed Use Property in Manchester!

Retail-Commercial for Sale
Catylist Listing ID: 30376856
Property Subtypes: Mixed Use
Building Size (RSF): 21,800 SF
Gross Land Area: 0.15 Acres
Sale Price: $750,000
Unit Price: $34.40 PSF
Property Use Type: Investment
Sale Terms: Other
Cap Rate: 9.0%
Last Updated: 2/4/2019

Overview / Comments

Solid 10 unit building, 6 large 3 bedroom apartments, a 2 bedroom apartment and 3 street level stores. Stabilized tenancies and strong cash flows make for a good investment. The building has some character with unpainted stained period style woodwork, wainscotting and high ceilings. Cash flow is nice with solid 9% cap rate. Contact us for the numbers. This building may be available as part of a portfolio with other buildings for a package deal.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0355-0-0029
Zoning: R3
Retail Clientele: General, Business
Property Visibility: Good
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Fair
Year Built: 1890
Construction/Siding: Vinyl Siding
Parking Type: Other
Parking Description: Street
Heat Type: Natural Gas, Oil
Heat Source: Other
Lot Frontage: 187
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 29,507 102,614 147,433
Median Age: 35.25 37.11 37.54
Households: 11,903 42,193 59,027


Photograph of Listing Agent

Steven Cotran

NECPE Member
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