Industrial Building With Retail Visibility
Industrial
for Sale
| Catylist Listing ID: |
30812035 |
| Property Subtypes: |
Flex Space, Free-Standing, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
|
| Building Size (RSF): |
9,843 SF
|
| Gross Land Area: |
0.73 Acres
|
| Sale Price: |
$1,120,000 |
| Unit Price: |
$113.79 PSF |
| Ceiling: |
13 ft. / 9 ft. Clear |
| Office SF: |
821 SF |
| Drive In Bays: |
3 Bays |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Usable Size (USF): |
9,843 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/2/2022 |
Overview / Comments
Clean, well-maintained industrial building with a small showroom in a downtown retail location is available for sale. Building has excellent visibility and signage, is 100% air conditioned, includes 3 drive-in doors, and has 49 on-site parking spaces.
100% leased with two tenants at will, KB Kelley’s Flooring and Athletic Instinct, Buyer could purchase as either an investment or with a plan to owner occupy one or both units.
Property located in the Opportunity Zone, which allows investors to defer capital gains on earnings that have been reinvested within the zone, and the HUB Zone, designed to help small firms gain access to federal contract opportunities.
Real estate financials available upon request with a signed NDA (attached).
|
Financials
| Finance Data Year |
2022 |
| Real Estate Taxes - Annual($) |
$8,743 (Annual) |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Strafford |
| Tax ID/APN: |
Map 128, Lot 27 |
| Zoning: |
NEIGHBORHOOD MIXED-USE |
| Property Located Between: |
Blake St. and Lowell St. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Excellent |
| Year Built: |
1950 |
| Year Renovated: |
2022 |
| Exterior Description: |
Flat, well maintained site. |
| Parking Ratio: |
5 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Large curb cut leads to four parking bays in flat surface lot. |
| Total Parking Spaces: |
49 |
| Eave Height: |
11 |
| Column Spacing: |
12’6”+/- to 21’+/- |
| Sprinklers: |
None |
| Volts: |
280 |
| X-Phase: |
Single |
| Heat Type: |
Natural Gas |
| Heat Source: |
Ceiling Units |
| Air Conditioning: |
Engineered System |
| Lighting: |
Fluorescent |
| Internet Access: |
Cable |
| Lot Frontage: |
164' on Hancock St.; 177.78' on Route 125 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
See Deed Reference 4355 / 27 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,821 |
27,068 |
48,734 |
| Median Age: |
38.16 |
40.59 |
40.46 |
| Households: |
3,495 |
11,252 |
19,731 |
|
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