Excellent Mixed Use Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30744883
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Other
Building Size (RSF): 12,964 SF
Gross Building Area: 18,213 SF
Gross Land Area: 1.58 Acres
Sale Price: $1,850,000
Unit Price: $142.70 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 67 Whittier Hwy
Usable Size (USF): 12,964 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 100
Last Updated: 7/19/2021

Overview / Comments

Spectacular building in a fantastic location. 1980 built and fully expanded and renovated in 2014. This is a great 12,964+/- square foot building on 1.58 acres in the low tax town of Moultonborough. This Adirondack style building is set back off of Route 25 with a large paved parking area boasting over 40 parking spaces and meticulously maintained grounds. The back of the building also has a large grass fenced in area. The building is equipped with state of the art systems including sprinkler, security, a passenger elevator, and a back up generator. The interior hosts two floors containing large open areas, private office spaces, conference and training rooms, a kitchen area and more. This unique, one of a kind property provides multiple options for uses. Zoned Commercial, this gives an opportunity for a variety of development options, including the potential for residential condos or apartments. The heavily traveled NH Rte-25 makes this ideal for medical, retail, and office users, and others such as community space, fitness and more. Minutes from Lake Winnipesaukee and all Lakes Region amenities. Two hours from Boston and a little over an hour to Manchester. Not quite ready to move in? Take advantage of securing the property now and make the most of the strong income currently in place up to the end of January 2022.

Attachments & Media

Additional Details

Nearest MSA: Manchester-Nashua
County: Carroll
Submarket/Township: Lakes Region
Submarket Type: Central Business District
Taxing Authority: Town of Moultonborough
Tax ID/APN: 141-010
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Convention
Property Located Between: Cru Con Building and Stephen's Landscaping on Route 25
Property Visibility: Excellent
Largest Nearby Street: NH Route 25
Feet of Frontage: 308
Traffic/Vehicle Count: 14,000
Highway Access: To I-93 via Route 3
Airports: MHT Manchester Regional and BOS Logan International
Site Description: Level lot set back from road
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 6,000 SF
Property Condition: Excellent
Year Built: 1980
Year Renovated: 2014
Roof Type: Gable
Construction/Siding: Vinyl Siding
Total Parking Spaces: 41
Parking Type: Surface
Parking Description: Ample parking with 41 lined spaces
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Propane
Heat Source: Central
Interior Description: Very good condition.
Lot Frontage: 308
Lot Depth: 333
Water Service: Well
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Sewer easement, Electric line easement
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 656 7,995
Median Age: 48.21 49.63
Households: 266 3,522

Contact

Photograph of Listing Agent

Gerry O'Connell

KW Commercial
NECPE Member
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