Prime Mixed-Use Property with Steady Returns and Room to Grow

Retail-Commercial for Sale
Catylist Listing ID: 30872966
Property Subtypes: Mixed Use, Other
Building Size (RSF): 12,622 SF
Gross Land Area: 4.60 Acres
Sale Price: $700,000
Unit Price: $55.46 PSF
Property Use Type: Investment
Usable Size (USF): 7,478 SF
Sale Terms: Cash to Seller
Last Updated: 6/13/2024

Overview / Comments

Discover a thriving commercial property with a consistent rental history sited on 4.6 acres of land. This building boasts 7 units, including 2 apartments and 5 street-level commercial spaces all currently leased. All units have separately metered electrical panels.

Situated in a prime location with strong traffic flow and close proximity to the Osram Sylvania factory, retail and food establishments, financial institutions, building supply stores, etc., this property presents an excellent investment opportunity. Unlock extra revenue potential by leasing parking spaces or exploring the possibility of developing the vacant land.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: Hillsborough
Tax ID/APN: 00011P/000340/0
Zoning: COM-WS
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: US-202
Feet of Frontage: 256
Highway Access: W Main St to US-202 to I-89 to I-93
Airports: Manchester/Boston Regional Airport
Site Description: Exceptional visibility with prominent signage along the bustling W Main Street. Ample parking and potential opportunities for developing the unused land or leasing ground space.
Area Description: Area businesses include O'Reilly Auto Parts, UHaul, Aubuchon Hardware, Tractor Supply, Shaws Supermarket and Osram Sylvania Factory.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 1900
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: The property features a paved driveway and parking lot at the front, back, and sides of the building. There's also a cleared area extending towards the rear of the property, with the potential for further expansion through additional clearing. Roof age is 5 years.
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Parking available for 20 plus vehicles.
Sprinklers: Wet
Heat Type: Electricity, Oil, Hot Water
Heat Source: Baseboard
Internet Access: Cable
Interior Description: Hardwood floors, modern stainless steel appliances, LED lighting, a large walk-in cooler with 8 Ardco doors, and multiple top-of-the-line standalone coolers. Also includes hand and 3-bay sinks. Sprinkler located over the furnace only.
Lot Frontage: 256
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,976 3,888 12,310
Median Age: 34.94 38.85 38.45
Households: 823 1,563 4,743

Contact

Photograph of Listing Agent

Kristine LaPorte

KW Commercial, NH NECPE Member
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