Investor Opportunity!

Multi-Family for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 30704998
Property Subtypes: Mixed Use, Other
Status: Pending/Contingent
Number of Units: 5 Units
Building Size (RSF): 4,977 SF
Gross Land Area: 0.14 Acres
Sale Price: $385,000
Unit Price: $77,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Last Updated: 2/12/2021

Overview / Comments

Great Investor Opportunity! This commercially zoned property is situated at the busy intersection of NH RT 16 and Washington Street, a high visibility location in the heart of Conway Village. The building consists of a street level commercial space, currently a salon, and 4 residential rental units above. Fully leased with a stable rental history. This property is serviced by town water and sewer. Showings by appointment only.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $4,579 (Annual)
Tax Value Land $112,500
Assessed Value - Total($) $249,400 (Annual)
Potential Rental Income $60,882 (Annual)
Gross Operating Income $60,882 (Annual)
Net Operating Income $31,352 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Laconia
County: Carroll
Submarket/Township: Conway/North Conway
Submarket Type: Central Business District
Taxing Authority: Town of Conway
Tax ID/APN: 265-50
Zoning: VILLAGE COMMERICAL
Percent Occupied: 100%
Highway Access: Located at the intersection of NH RT 16 and Washington Street in Conway, NH.
Airports: Fryeburg
Site Description: High Visibility, Conway Village Location
Area Description: Located in Conway Village, area that's had some recent growth and business openings/renovations. Located just south of North Conway, a popular vacation destination.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1915
Roof Type: Gable
Construction/Siding: Aluminum Siding, Wood Frame, Wood Siding, Other
Exterior Description: Great glass front to for the commercial space, with signage opportunity. There's an awning. Siding is mixed including wood and aluminum.
Parking Type: Surface, Other
Parking Description: Public on street and on site.
Heat Type: Oil
Heat Source: Baseboard, Other
Fuel: Oil
Interior Description: Building consists of a commercial space, currently a salon, and 4 residential rental units.
Zoning Description: Village Commerical
Lot Frontage: 47'
Lot Depth: 114'
Water Service: Municipal
Sewer Type: Municipal
Easements Description: Unknown
Land Ownership: Owned
Legal Description: A certain tract of land with buildings thereon, situated on the westerly side of Washington Street in the Village of Conway.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,400 4,235 9,412
Median Age: 42.62 44.09 44.34
Households: 645 1,898 4,161

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