Fully Tenanted Investment Property For Sale

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30413049
Property Subtypes: Free-Standing Building, Mixed Use, Vehicle Related
Status: Pending/Contingent
Building Size (RSF): 5,148 SF
Gross Land Area: 1.05 Acres
Sale Price: $995,000
Unit Price: $193.28 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.23%
Average Occupancy Rate: 100
Last Updated: 9/19/2019

Overview / Comments

Located on high visibility, high traffic, Rte 38/Bridge Street in Pelham, this fully-tenanted investment property is being offered with an very attractive cap rate! Currently used fit up and used as an automotive service and repair center and three, long term tenants in place, this property offers an excellent opportunity to get a great return on investment. Possible 1031 option.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $11,600 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 41/6 122///
Zoning: I - INDUSTRIAL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Rte 38/Bridge Street
Feet of Frontage: 236
Traffic/Vehicle Count: 30,000
Airports: MHT, BOS
Area Description: State highway with mix of small business and retail centers
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1940
Roof Type: Barrel Shell
Construction/Siding: Concrete
Exterior Description: Quonset Hut with a concrete foundation
Parking Type: Surface
Parking Description: Onsite, paved
Heat Type: Oil
Heat Source: Central
Zoning Description: Mixed Industrial
Lot Frontage: 236
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,519 43,054 166,075
Median Age: 39.75 39.59 36.63
Households: 850 15,785 60,249

Contact

Photograph of Listing Agent

Bob James

Keller Williams Realty Nashua
NECPE Member
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