Former Schoolhouse Conversion - Brick 4-Unit Office Building in Dover

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30471093
Property Subtypes: Office Building
Status: Pending/Contingent
Building Size (RSF): 4,620 SF
Gross Building Area: See Agent
Gross Land Area: 0.40 Acres
Sale Price: $625,000
Unit Price: $135.28 PSF
Property Use Type: Investment
Building Name: 16 Pierce St
Sale Terms: Cash to Seller
Average Occupancy Rate: 100
Last Updated: 9/9/2019

Overview / Comments

16 Pierce St is an excellent fully-tenanted 4-unit office building located in the heart of Dover's central business district with off-street parking for over 20 cars. This property was originally built as a schoolhouse, and still retains its original character with features such as 10 foot ceilings, stately entryways, marble tile floors, and 7 foot windows. Since its conversion, it has been updated with modern amenities including central A/C, efficient direct vented gas furnaces, and hardwired smoke detectors. Building itself is in good condition overall with solid brick construction, and has a large basement with high ceilings and potential to add more usable space in the future. Lot is easy to manage with limited landscaping and snow removal required.

Attachments & Media

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $14,025 (Annual)
Tax Value Land $136,500
Tax Value Improvements $426,300
Assessed Value - Total($) $562,800 (Annual)
Gross Operating Income $56,400 (Annual)
Net Operating Income $39,177 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Manchester-Nashua
County: Strafford
Tax ID/APN: 04034-000000
Zoning: RM 8
Property Located Between: Central Ave & Broadway
Property Visibility: Good
Highway Access: Route 16
Airports: Pease
Site Description: Parking: 20+ HVAC: FWA/Central Const.Type: Brick exterior
Area Description: Steps to downtown Dover's shops and restaurants. Easy commuter location.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,310 SF
Year Built: 1900
Roof Type: Gable
Construction/Siding: Brick, Stone
Exterior Description: Brick
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Engineered System
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,252 31,238 69,904
Median Age: 33.21 36.4 35.65
Households: 4,746 13,261 26,147
© Copyright 2001-2019 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.