Mix Use Investment Property in Somersworth
Retail-Commercial
for Sale
| Catylist Listing ID: |
30827003 |
| Property Subtypes: |
Mixed Use, Street Retail, Other
|
| Building Size (RSF): |
3,093 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$335,000 |
| Unit Price: |
$108.31 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/25/2023 |
Overview / Comments
Own an investment property in the Somersworth which is part of the fastest growing regions in the state of New Hampshire with numerous revitalization development projects underway. Some of which are a stone’s throw away. This mixed-use property features 3 units (one 1200+/-SF commercial unit, two 1-bedroom apartments with a bonus third floor for storage or conversion to expand one of the apartments). There is ample off-street parking available.
As part of the revitalization project the old GE plant, across the street from this property, will soon be retail businesses on the ground level and have apartments on top. Other development work to be done in the area as well. Somersworth Festival Association is a non-profit organization that orchestrate multiple fairs or events in the Somersworth Plaza, just steps away from the property, bringing hundreds of people together. With all these new builds, events, housing and businesses popping up with-in a mile radius of 123 Main Street it’s easy to see why this a great investment for your future.
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Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Strafford |
| Tax ID/APN: |
10 182 0 |
| Zoning: |
BUSINESS, HISTORIC, FORM BASE CODE AREA 3 |
| Property Visibility: |
Good |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Property Condition: |
Average |
| Year Built: |
1895 |
| Construction/Siding: |
Other |
| Parking Type: |
Other |
| Parking Description: |
Ample off street parking available |
| Heat Type: |
Oil, Hot Water |
| Zoning Description: |
BUSINESS, HISTORIC, FORM BASE CODE AREA 3 |
| Lot Frontage: |
41 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,407 |
22,804 |
58,623 |
| Median Age: |
33.64 |
38.59 |
38.49 |
| Households: |
2,222 |
9,178 |
23,766 |
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