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: 1/29/2023

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.

There is vacancy that was a former hair salon that is available for lease and a former antique store available for lease. The area with Radio Shack, and the 2 vacancies is 2,965 +/- SF. There is unfinished mezzanine above this space.

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 has family member that has an interest in the property.

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

View FullscreenMap

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

Photograph of Listing Agent

Wendy E. Keeler

Fairway Real Estate, LLC
NECPE Member
© Copyright 2001-2023 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.