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


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
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

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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


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