3,200 +/- SF Office or Retail Condo For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30623196
Property Subtypes: Post Office, Retail-Pad
Condo? Yes
Building Size (RSF): 3,200 SF
Gross Building Area: See Agent
Sale Price: $300,000
Property Use Type: Investment, Vacant/Owner-User
Building Name: Ferns Crossing - Route 1
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 10/2/2020

Overview / Comments

At Ferns Crossing, a high traffic neighborhood plaza on Route 1 in North Hampton, is a 3,200 +/- sf condo unit for sale. The unit includes 4 separate office suites, a shared kitchenette, 2 newly renovated bathrooms, wood vinyl flooring and fresh new paint. New roof installed this year. Short term leases allow this property to be purchased for owner-occupancy or investment property.

The property has excellent signage on Route 1 and ample onsite parking. Located next to Dunkin Donuts drive-through, TD Bank and across from a 280,000 +/- sf mall with 18,000 VPD traffic count.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: Map 7, Lot 115-U06
Is Condo?: Yes
Zoning: INDUSTRIAL - BUSINESS/RESIDENTIAL
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Portsmouth and Hampton
Property Visibility: Excellent
Largest Nearby Street: Route 1
Feet of Frontage: 100
Traffic/Vehicle Count: 18,000
Highway Access: Interstate 95
Site Description: Professionally landscaped and well-managed plaza on Route 1 with two curb cuts.
Area Description: Directly across from a 280,000 +/- SF Mall with anchor tenants including Home Depot, Shaws and Marshalls. Property also abuts Dunkin Donuts and TD Bank.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1986
Roof Type: Gable
Construction/Siding: Vinyl Siding
Total Parking Spaces: 106
Parking Type: Surface
Parking Description: Ample, on-site
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Wall Units, Ceiling Units
Air Conditioning: Engineered System, Package Unit
Lot Frontage: 100
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 20,653 42,986
Median Age: 46.9 45.17
Households: 8,750 18,108

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