Mixed use residential, retail, light industrial

Retail-Commercial for Sale
Catylist Listing ID: 30663119
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 10,430 SF
Gross Building Area: See Agent
Sale Price: $1,695,000
Unit Price: $162.51 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/2/2020

Overview / Comments

Mixed use, retail and residential buildings and vacant lots. Prime location, located on busy Rt 108. Somersworth NH, and Haven Hill Road. Average
traffic count of 15,000 +/- daily. Building 1 contains 2 retail/industrial spaces and 6 residential apartments. Building 2 contains 4 residential apartments. The entire
package will contain a total of 5.36 acres between Somersworth NH and Rochester NH. Current gross income $139,800. Current market rents below market value with
room to adjust for more income. Sale does not include the businesses or inventory. All residential units have separate electric and heat. Somersworth NH portions located
in the CI district. Rochester NH parcels located in A district. Check zoning for permitted uses. Confidential non disclosure to be signed for financials. Please no drive-by
showings.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $35,511 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 56-03
Zoning: CI
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Property Condition: Average
Year Built: 1910
Heat Type: Natural Gas
Lot Frontage: 1000 estimated
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,801 22,803 54,482
Median Age: 40.96 39.55 38.72
Households: 1,033 9,375 22,096

Contact

Photograph of Listing Agent

William Somerset

REMAX Realty Group NECPE Member
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