Flex/Industrial/Retail Free Standing Building

Industrial for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30815661
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Mixed Use, Light Industrial, Research & Development, Warehouse/Distribution
Building Size (RSF): 10,318 SF
Gross Building Area: See Agent
Sale Price: $1,299,000
Unit Price: $125.90 PSF
Ceiling: 10 ft. Clear
Drive In Bays: 3 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2022

Overview / Comments

31 Auburn St is an extremely well built industrial/flex/retail building in downtown Manchester just blocks away from the SNHU Arena and Elm St. This building has been meticulously cared for and is in excellent condition. This building has a long-term automotive tenant in +/- 25% that allows the next owner to occupy and collect rent. There is 3 phase power in the building, natural gas heat, city water
and sewer. The building can be demised for 2 or 3 tenants or 1 tenant with the owner occupying 75% of the building. The tenant occupied portion of the property has Sergio's Garage, an auto garage with 2 drive-in doors. The rear has an overhead electronic door and free span warehouse space. The remaining 5,000+/- sf of the property is the martial arts academy, which features an oversized gym/training area, multiple private offices and storage rooms, a reception area, a full kitchen and more. This owner-occupied space features three private entrances, making it easy to subdivide into multiple units if desired.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $14,547 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 144-7
Zoning: CENTER BUSINESS DISTRICT ARENA OVERLAY
Airports: Manchester Boston Regional Airport
Tenancy: Multiple Tenants
Year Built: 1960
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Column Spacing: NA
Amps: 225
Volts: 120
X-Phase: 3
Heat Type: Natural Gas
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 33,770 105,863 145,479
Median Age: 32.52 36.82 37.52
Households: 13,980 43,315 58,158

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