Excellent Investment for Sale

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30848272
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Street Retail, Other
Building Size (RSF): 14,011 SF
Gross Land Area: 2 Acres
Sale Price: $2,250,000
Unit Price: $160.59 PSF
Property Use Type: Investment
Building Name: Sullivan Square
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/17/2024

Overview / Comments

We are pleased to bring to market a long-standing iconic landmark "tower" retail building along with a traditional two-story office building on two acres of a highly visible land site situated at a lighted intersection right off NH Route 101. Surrounding amenities include, but are not limited to, a Lexus Dealership, Whole Foods, Trader Joe's, the newly developed Market & Main center and a Hannaford-anchored shopping plaza right next door. New long-term tenancies have added vibrancy to the property's investment value with many of the existing leases having been recently renewed. The Lighthouse Cafe tenant in 21 Kilton, having spared no expense with their renovations, moved in during 2022, bringing to the surrounding retail and office users a convenient retreat for breakfast and lunch items. Their baked goods rival the competition. This well-known assemblage of two buildings, currently 99% occupied, has been a main stay in Bedford over the years and is now being offered with new upgrades, excellent recent leases and all poised on one of Bedford's best office/retail sites. A full package of financial information is available with a signed NDA. We look forward to working with you on this prized asset!

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 12-8-2
Zoning: PZ- PERFORMANCE ZONE
Property Located Between: Main feed to South River Road north/south
Property Visibility: Excellent
Highway Access: Located on main feed to South River Road north/south and Kilton Road Exit off NH Route 101.
Airports: Manchester-Boston Regional Airport
Site Description: Suburban Commercial Park
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1980
Year Renovated: 2022
Construction/Siding: Wood Frame
Exterior Description: Clapboard
Parking Ratio: 4.3 (per 1000 SF)
Parking Type: Surface
Parking Description: 4.3+/- spaces per 1,000+/- SF of office
Heat Type: Natural Gas
Heat Source: Heat Pump
Zoning Description: PZ-Performance Zoning
Lot Frontage: unknown
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Single, shared access and parking lot serving both buildings.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,156 88,599 143,724
Median Age: 44.25 36.49 37.77
Households: 2,350 35,053 56,821

Contact

Photograph of Listing Agent

Louise Norwood

NAI Norwood Group NECPE Member
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