4 Central St, Farmington, NH
Retail-Commercial
for Sale
Also listed as Office, Multi-Family
| Catylist Listing ID: |
30863181 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub
|
| Building Size (RSF): |
11,897 SF
|
| Gross Building Area: |
12,772 SF |
| Gross Land Area: |
0.71 Acres
|
| Sale Price: |
$499,877 |
| Unit Price: |
$42.02 PSF |
| Ceiling: |
12 ft. |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/30/2024 |
Overview / Comments
|
Located in the heart of downtown Farmington, New Hampshire, this iconic property, formerly home to the Farmington National Bank, presents a unique and compelling opportunity for transformation. The practical advantage of generous on-site surface parking, along with the convenience of an elevator, enhances accessibility for future residents. The ground level comes with an existing drive-thru, featuring two lanes - an enticing potential for retail ventures. Zoning permits residential use on the second floor, while the ground level allows for restaurant, retail or office establishments among other commercial uses. Take advantage of truly unique and compelling opportunity for conversion.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$12,065 (Annual) |
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Strafford |
| Submarket Type: |
Central Business District |
| Tax ID/APN: |
U05-200-0000 |
| Zoning: |
VC VIL |
| Retail Clientele: |
General, Family, Business, Other |
| Property Located Between: |
Corner of Main Street & Central Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Central Street & Main Street |
| Site Description: |
Located on an oversized corner lot (0.71 acres) and adjacent to the city library, this property offers an attractive location for mixed-use re-development. |
| Area Description: |
Eight-minute drive from The Ridge shopping center, featuring Walmart, Market Basket, Hobby Lobby, Marshalls, and Starbucks. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
12,772 SF |
| Property Condition: |
Good |
| Year Built: |
1970 |
| Year Renovated: |
2007 |
| Roof Type: |
Flat |
| Construction/Siding: |
Wood Frame |
| Exterior Description: |
Masonry |
| Total Parking Spaces: |
36 |
| Parking Type: |
Surface |
| Parking Description: |
Adjacent to the building |
| Passenger Elevators: |
1 |
| Sprinklers: |
None |
| Heat Type: |
Oil, Other |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
| Internet Access: |
Cable |
| Interior Description: |
Offices on 2nd floor |
| Lot Frontage: |
355 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Other |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,600 |
9,024 |
16,300 |
| Median Age: |
38.23 |
38.88 |
40.35 |
| Households: |
1,050 |
3,445 |
6,452 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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