Light Industrial Flex Building

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30860220
Property Subtypes: Free-Standing Building, Other
Status: Pending/Contingent
Building Size (RSF): 9,246 SF
Gross Land Area: 9,788 SF
Sale Price: $675,000
Unit Price: $73 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Former Flooring Company / Retail Showroom / Office / Warehouse
Usable Size (USF): 9,246 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/10/2023

Overview / Comments

Former Flooring Company Building recently gifted to a non-profit organization consists of Retail Showroom, Offices, and Drive-in Warehouse. Located within the RMU Zone consisting of several abutting multi-residential units, this site has the potential to be redeveloped from the ground-up or re-configured for flex retail, office, and warehouse space.

Built in 1950 this vacant well-located building consisting of 9,246 sf is situated on a corner lot of .23 acres or 9,788 sf. Features concrete block construction, cement slab, flat membrane roof, central hot air heat, a ceiling mounted Reznor heat unit and central A/C. Investors, Developers, & Builders take note: the RMU zone provides for a number of optional uses. Annual 2022 real estate taxes were $9,126.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Taxing Authority: City of Dover, NH
Tax ID/APN: 30-108-00
Zoning: RMU
Retail Clientele: General, Other
Property Located Between: Central Ave and Mt Vernon Street
Property Visibility: Good
Largest Nearby Street: Central Ave
Feet of Frontage: 120
Highway Access: Spaulding Turnpike - Rte 16
Site Description: The site is located within the RMU zone surrounded by multi - family properties and condos.
Area Description: Residential Neighborhood
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1950
Roof Type: Flat
Construction/Siding: Block, Concrete
Exterior Description: Concrete Block Construction.
Total Parking Spaces: 9
Parking Type: Surface
Parking Description: 9 angled exterior parking spaces in front of the building located on Milk Street. Additional / optional parking within the drive-in warehouse.
Sprinklers: None
Heat Type: Propane, Hot Water, Suspended Radiant Heaters, Other
Heat Source: Central, Ceiling Units, Other
Air Conditioning: Other
Internet Access: Cable, Other
Interior Description: Flex warehouse & storage space with two - 12' garage doors with entry from Mt Vernon Street. Retail showroom and office entry from Milk Street.
Zoning Description: RM-U Urban Density Multi-Residential District (e) Urban Density Multi-Residential District (RM-U) The purpose of this residential district is to provide an environment suitable for a variety of moderate/high density housing types, including SINGLEFAMILY, two family, and 3-4 family dwellings. These districts are urban NEIGHBORHOODs located close to the downtown area and contain many historic homes that are built close to the SIDEWALKs and STREETs. The homes in this district are all served by municipal sewer and water. Some nonresidential uses that are compatible with residences are permitted, including churches, funeral parlors, elementary schools, high schools, and CHILD CARE FACILITIES.
Lot Frontage: 200 Feet
Lot Depth: From Milk Street - 80' deep and from Mt Vernon Street - 120' deep.
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Legal Description: See Deed and Tax Card attached.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,148 32,037 67,189
Median Age: 33.13 36.52 35.3
Households: 4,267 13,585 25,093


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