20%+ CAP RATE! Best Priced Large Turn-Key Property in Southern NH.

Retail-Commercial for Sale
Catylist Listing ID: 30230307
Property Subtypes: Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Parking Facility, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 17,591 SF
Gross Land Area: 0.88 Acres
Sale Price: $374,900
Unit Price: $21.31 PSF
Ceiling: 15 ft.
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing, Sale/Leaseback
Cap Rate: 20.0%
Average Occupancy Rate: 100
Last Updated: 2/3/2019

Overview / Comments

20%+ CAP RATE, POTENTIALLY MORE!!! PRICE REDUCED down to $374,900. Motivated Seller says make an Offer. Hey Investors, opportunity knocks with the Best Priced Large Property FOR SALE or FOR LEASE in MA/NH Southern NH Border Towns !!! Minutes over the Townsend Massachusetts Border & only minutes to Route 101 in NH !!! 30 Minutes to Nashua. Need good space for your existing or future business, or simply looking for a great potential CAP ? Look no further. 17,591 sq ft on 0.88 Acres Serviced by Public Water & Sewer! Lots of open Clear-span and high ceiling space. Big ticket maintenance items & upgrades have been done over the recent years! See attached list showing newer $250,000+ work already done for you 1998 - 2017. Check with the town to verify the numerous options here in downtown Greenville, NH with little to no competition depending on your business. Commercial/Industrial Zoned (Storage, Offices, Retail, Food, Manufacturing, etc). There is a lot of rich history with this building as it originally was the old Prescott Grain Mill Building, and the NH State Liquor Store Distribution Center. Current businesses occupying the building are a hair Salon and Antique Mall of New England. Hurry before its gone, as unique investment opportunities like this one doesn’t come around often! A portion of the business & inventory is negotiable for the Antique Mall of New England! Lots of extra Parking, space, and storage! Large basement has a drive-in garage door. Meticulously maintained. 35 minutes to Nashua or Manchester. Under 90 minutes to Boston. 1-2 Apartments and/or Office units with full bathrooms in building. 3-D Interactive Matterport with Floor Plans interactive Virtual Tour is available. Building has some room for lease, but mostly Owner Occupied. Owner can keep the Antique Mall of New England business there paying rent while they look for a new place, but the whole property can be emptied if new buyer wishes to occupy. The Hair Salon tenant would like to stay, but is not in a lease if you need that unit too. Some Lease opportunities can be made available up to about 4,000 sq ft total for starting as low as $5 psf Modified Gross for certain parts of the building. If you also want to own the entire corner of Route 45 & Route 31, you can also buy the abutting property to the right: # 1 Dunster Ave. Greenville, NH sold separately by a different agent and owner. It is the 5,638 sq ft Chinese Food Restaurant Building on 0.94 Acres listed at $199,900. That would be a combined 2 building sq ft of around 23,229 sq ft on 1.82 open Acres with parking for 100-200+/- depending how you have people park. For only a combined $575,000 max price, you can not find this building size investment or owner-occupied property opportunity anywhere in NH or Massachusetts right now.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $8,684 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 8-37-B
Zoning: COM
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Located in between Chinese Food Restaurant and Vehicle Repair Garage
Property Visibility: Excellent
Largest Nearby Street: Dunster Ave is Route 45.
Feet of Frontage: 132
Highway Access: Route 101 is only 10 minutes away. F.E. Turnpike Route 3 is only 30 minutes away. Route 119 in Mass is only about 5 minutes away.
Airports: Manchester Air Port is about 35 minutes away.
Area Description: Downtown Greenville.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1880
Year Renovated: 2017
Roof Type: Other
Construction/Siding: Aluminum Siding, Wood Frame, Wood Siding
Exterior Description: Parking, Loading Docks, Handi-cap Ramp, Roof is Rubber, Metal, and Shingles..
Total Parking Spaces: 55
Parking Type: Surface
Parking Description: 25+ exclusive paved level parking spots, and 30+ more in the drive-in garage secured basement.
Heat Type: Electricity, Propane, Oil
Heat Source: Baseboard, Central
Interior Description: Mostly Hardwood Floors. Lots of Clear span space and high ceilings. Loading Docks. Numerous Bathrooms.
Zoning Description: Lots of uses. Check with Town.
Lot Frontage: 132
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 928 4,670 13,981
Median Age: 39.89 39.36 40.6
Households: 385 1,781 5,211

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