Multi-Use Buildings - Investment / Development Opportunity.

Retail-Commercial for Sale
Also listed as Multi-Family
Catylist Listing ID: 28619741
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Other
Building Size (RSF): 6,700 SF
Gross Building Area: 13,000 SF
Gross Land Area: 2.14 Acres
Sale Price: $395,000
Unit Price: $58.96 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: 89 Main St
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 8/23/2019

Overview / Comments

MULTI-USE PROPERTY ON 2+ ACRES CONSISTING OF A 3500 SF+/- RESTAURANT BUILDING [C-2003] INCLUDING A FULL BASEMENT & UNFINISHED 2ND STORY CURRENTLY USED FOR STORAGE. FORMERLY KNOWN AS CARMEN'S THE FULLY EQUIPPED RESTAURANT IS CURRENTLY LEASED TO JALISCO MEXICAN RESTAURANT THROUGH DEC; 2022. ADJACENT TO THIS BUILDING IS A [C-1900] 2 STORY HOME WITH ATTACHED BARN CONSISTING OF 3200 SF+/-. THIS HOUSE HAS BEEN GUTTED IN PREPARATION FOR RENOVATIONS FOR A SINGLE FAMILY DWELLING - INCLUDING THE BARN. AMPLE PARKING PLUS GOOD EXPOSURE & SIGNAGE. BOTH PROPERTIES ARE ON WELL AND SEPTIC. OWNER FINANCING IS POSSIBLE TO QUALIFIED BUYERS. [PLEASE NOTE: BUSINESS IS NOT INCLUDED]

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 2012P02-00406
Zoning: 1F RES
Market Type: Small
Retail Clientele: General
Property Located Between: RTE 107/108 [MAIN STREET] & NORTH ROAD
Road Type: Paved, Highway
Property Visibility: Excellent
Feet of Frontage: 420
Highway Access: RTE 107/108 [MAIN STREET] AND NORTH ROAD
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Good
Year Built: 2003
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame, Wood Siding
Parking Type: Surface
Heat Type: Oil
Heat Source: Central
Air Conditioning: Air Curtain
Internet Access: Cable
Zoning Description: COMMERCIAL / MULTI FAMILY
Lot Frontage: 420 FEET [CORNER LOT]
Water Service: Well
Sewer Type: Septic
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,357 10,427 45,902
Median Age: 44.54 44.6 43.1
Households: 862 3,996 18,248

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