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

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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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