Fully leased - perfect 1031 property

Shopping Center for Sale
Catylist Listing ID: 30868232
Property Subtypes: Free-Standing Store, Mixed Use, Net Leased
Building Size (RSF): 5,900 SF
Gross Building Area: See Agent
Sale Price: $1,445,000
Unit Price: $244.92 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2024

Overview / Comments

New pavement, striping & siding 2023!

Great opportunity to own fully leased mixed use building returning with incredible rental history and great ROI .92 acres on bustling Rt 1 in the middle of Seabrook thriving " Smithtown Mixed-use" business district. Four retail spaces and two residential units.
Sited ideally on Route 1 with 19,278+/- VPD per NHDOT 2019. MInutes to I-95, Rt 101 & and Massachusetts border

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $7,672 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 10/3
Zoning: 6M - SMITHTOWN MIXED-USE
Retail Clientele: General, Traveler, Tourist, Recreation
Property Visibility: Excellent
Traffic/Vehicle Count: 19,278
Highway Access: Sited directly on Rt 1, minutes to 1-95, Rt 101 & Rt 107. Also minutes from MA border.
Airports: Pease, Manchester, Logan
Site Description: flat level lot improved with retail and residential spaces
Area Description: bustling business community, neighboring companies include Home Depot, Market Basket & Cardi's Furniture
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 1972
Year Renovated: 2005
Zoning Description: Smithtown Mixed-use, 6M
Lot Frontage: 247
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,680 23,238 62,216
Median Age: 40.68 43.93 44.31
Households: 604 9,854 26,255

Contact

© 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.