Catylist ID:
#30830652
INVESTMENT AND INCOME PROPERTY FOR SALE
Retail-Commercial
for Sale
| Catylist Listing ID: | 30830652 |
| Property Subtypes: | Convenience Store, Day Care Facility, Garden Center, Mixed Use, Restaurant, Street Retail, Other |
| Building Size (RSF): | 4,308 SF |
| Gross Land Area: | 0.40 Acres |
| Sale Price: | $350,000 |
| Unit Price: | $81.24 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | Bridge Village Marketplace |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/23/2023 |
Overview / Comments
|
This property offers many opportunities to a Buyer. There is a Radio Shack retail store under a lease, paying $650 per month plus utilities. Radio Shack is on a month to month basis but has been leasing since February 1, 2019. There is unfinished mezzanine space above their unit. A retail vacancy was just leased for one year commencing March 1st for a day spa. Tenant is paying $700 per month which includes a portion of the water/sewer plus the Tenant pays their separately metered heat and electric. There is a vacancy that was a former antique store. The Main building is 1,344 +/- SF on 2 levels offering many opportunities. The photos depict several items in the main building soon to be auctioned off. There are approximately 18 on site parking spaces. The Seller will be making some repairs to the property as well. The main building has oil heat and has a partial basement. The rental units have propane gas heat and electric heat. There is a new metal roof on the main building and an old metal roof over the rental area. The main building was previously lived in as a house. This is an ideal situation where a Buyer can turn each unit into condos or turn the Main building and the attached 2.965 building with units into 2 condos! Broker is a family member of the Seller. |
Attachments & Media
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $6,946 (Annual) |
| Tax Value Land | $170,701 |
| Tax Value Improvements | $113,299 |
| Assessed Value - Total($) | $284,000 (Annual) |
Additional Details
| Nearest MSA: | Manchester-Nashua |
| County: | Hillsborough |
| Tax ID/APN: | Map: 00025/Lot: 000009 |
| Zoning: | COMMERCIAL - WS |
| Retail Clientele: | General, Family, Business, Other |
| Property Visibility: | Good |
| Largest Nearby Street: | School Street |
| Highway Access: | Minutes off of the Hillsborough bypass via Interstate 89 and Route 202. |
| Site Description: | Large parking lot and excellent visibility. |
| Area Description: | This downtown area of Hillsborough is very active with restaurants, many professional and nonprofit organizations, churches, Town Hall, Public Library and the Hillsboro-Deering School. |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Property Condition: | Good |
| Year Built: | 1850 |
| Year Renovated: | 1980 |
| Roof Type: | Gable |
| Construction/Siding: | Wood Frame |
| Parking Type: | Structure |
| Parking Description: | Several on-site parking spaces. |
| Heat Type: | Electricity, Propane, Oil |
| Heat Source: | Central, Wall Units, Other |
| Lot Frontage: | 2 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,976 | 3,888 | 14,022 |
| Median Age: | 34.94 | 38.85 | 38.52 |
| Households: | 823 | 1,563 | 5,451 |
Contact
Wendy E. KeelerFairway Real Estate, LLCNECPE Member |
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