Development opportunity with NNN income

Retail-Commercial for Sale
Catylist Listing ID: 30811253
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 6,508 SF
Gross Building Area: See Agent
Gross Land Area: 1.15 - 1.47 Acres
Sale Price: $1,200,000
Unit Price: $184.39 PSF
Property Use Type: Net Leased Investment (NNN), Business
Building Name: O'Reilly Auto Parts
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/29/2022

Overview / Comments

Combined properties at 242 and 256 Mechanic Street for sale together offers 1.47 acres and 176 feet of frontage.
Would make a prime development opportunity on a heavily-traveled road 400 yards from Exit 19 off Interstate 89.

Additional Details

Nearest MSA: Lebanon
County: Grafton
Tax ID/APN: 0104 0009 00000
Retail Clientele: General, Business, Other
Property Visibility: Excellent
Largest Nearby Street: Mechanic Street (Route 4)
Feet of Frontage: 77
Highway Access: 400 yards from Exit 19 off Interstate 89.
Area Description: Main access in and out of Lebanon. On a retail corridor with Service Credit Union Gardners Supply, Tractor Supply, Price Chopper, Dunkin Donut, Jake's, etc. Close to Dartmouth Hitchcock Hospital and Dartmouth College.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,400 SF
Property Condition: Average
Year Built: 1930
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Metal Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Oil
Heat Source: Other
Air Conditioning: Window Unit
Internet Access: Cable
Zoning Description: General Commercial
Lot Frontage: 77
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,222 14,165 28,139
Median Age: 37.93 39.73 36.32
Households: 1,107 6,652 11,156


Photograph of Listing Agent

Leonard Kirk Baird

SVN The Masiello Group NECPE Member
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