Mixed Use Property for Sale with 4,000+/- SF warehouse

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30840307
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Other
Building Size (RSF): 8,785 SF
Gross Building Area: See Agent
Gross Land Area: 2.97 Acres
Sale Price: $975,000
Unit Price: $110.98 PSF
Ceiling: 16 ft. Clear
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 6/9/2023

Overview / Comments

Endless possibilities for this versatile mixed-use property that would make for a great in home business.

468 Mountain Ave. is a 2.98-acre parcel comprised of 4 buildings:

The first building is a 3,780± SF mixed use consisting of 2,880± SF of residential living and retail space made up of two floors of 1,440± SF each plus a 900+/- SF two car garage. The ground level offers a retail showroom, and the second floor is residential apartment with 2 bedrooms, a bonus room, 2 bathrooms, newly added sunroom, eat in kitchen and living room area. This building could continue operate as mixed-use property or easily operate as a single-family or even a possible two-family conversion.

The second building is a 100x40 or 4,000± SF industrial warehouse with overlooking mezzanine. Two (2) 14x14 drive in doors, two finished office spaces each 12’6” x10’8”, heat, central AC with 3 phase power available at the street

32x36 or 1,152± SF one bay heated

12x24 SF barn/shed adjacent to the right-hand side that previously served as a small retail store

The parcel is zoned Rural, which allows for the following uses: residential, retail, home office, personal services, business service and several more with approval from the town of Northwood

Excellent work where you live opportunity. There have been several updates throughout ownership (please see attachment for full list). Quick access to major highways such as Route 4 to the Lee and Epsom traffic circles.

Sale contingent on Seller finding suitable housing- possible sale lease back opportunity. Original plot plan available upon request.

Property Highlights
• Excellent home business opportunity
• 2.97+/- acres of land
• 3,780+/- SF mixed use property with first floor retail, 2-bedroom 2-bathroom second floor apartment
• 4,000+/- SF industrial warehouse space with overlooking mezzanine and two (2) 14x14 drive in doors, with two small 12’6” x 10’8” finished offices, heat, central AC with 3 phase power available at the street
• Possible sale leaseback opportunity

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 08164-000242000006000000
Property Located Between: Epsom traffic circle and Lee traffic circle
Highway Access: Route 4 State highway
Site Description: 2.97 acres of land with ample parking.
Area Description: Northwood is on Route 4 between Concord and the Lee Traffic Circle heading to the Seacoast.
Tenancy: Single Tenant
Total Number of Buildings: 4
Number of Stories: 2
Property Condition: Good
Year Built: 1981
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Vinyl Siding
Parking Type: Surface
Column Spacing: 20
Heat Type: Propane
Heat Source: Central
Air Conditioning: Engineered System
Lighting: LED, Fluorescent
Internet Access: Cable
Zoning Description: Rural/Commercial/Industrial
Lot Frontage: 637.5
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,595 12,422
Median Age: 41.82 41.31
Households: 594 4,527


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