Prime Downtown Location for Business & Home

Retail-Commercial for Sale
Catylist Listing ID: 30139213
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 1,504 SF
Gross Land Area: 0.04 Acres
Sale Price: $75,000
Unit Price: $49.87 PSF
Property Use Type: Vacant/Owner-User
Building Name: Ron's Barber Shop
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/8/2017

Overview / Comments

SELLER is retiring, so you can take advantage of a great, new price!! This downtown property currently contains a business on the first floor and apartment above. Ron's Barber Shop has been in business for over 50 years, and the owner is retiring. Apartment has been rented over the years, but is currently vacant, you have the opportunity to set up your business and move right in. Directly across the street from the GE plant recently acquired by Aclara and in the ERZ zone, you can also reap the tax benefits that go along with the designation. Get in on the ground floor and jump the curve to begin the revitalization of this section of the City.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $2,852 (Annual)
Tax Value Land $45,500
Tax Value Improvements $46,100
Tax Value Personal Property $0
Assessed Value - Total($) $91,600 (Annual)
Potential Rental Income $1,200 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 10 186 0
Zoning: MIX R/C
Market Type: Medium
Retail Clientele: General
Property Located Between: Fayette and Washington Streets
Side of Street: South
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: High Street/Route 9
Transportation: Bus, Taxi
Highway Access: Approximately 3 miles from Spaulding Turnpike, Exit 9
Area Description: Downtown location amidst a line of small businesses and shops. GE Meter Division plant located across street.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 752 SF
Property Condition: Fair
Year Built: 1870
Year Renovated: 1980
Roof Type: Gable
Construction/Siding: Aluminum Siding, Brick/Vinyl Siding
Exterior Description: Retail storefront with exterior entrance to second floor apartment. Covered staircase to second level. Parking in rear of building, off [rivate right of way
Total Parking Spaces: 2
Parking Type: Surface
Parking Description: On street for customers, gravel area at rear of building for tenants
Heat Type: Oil
Heat Source: Baseboard
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Classic barber shop with room to double the size of the shop, or add ancillary business (massage, nails, etc.)
Zoning Description: MIX R/C
Lot Frontage: 22.5'
Easements: Utilities

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,407 22,804 58,623
Median Age: 33.64 38.59 38.49
Households: 2,222 9,178 23,766
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