Value-add investment Office or Retail Condos in Hudson, NH

Retail-Commercial for Sale
Catylist Listing ID: 30872891
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail
Building Size (RSF): 1,600 SF
Gross Building Area: See Agent
Sale Price: $225,000
Unit Price: $140.63 PSF
Ceiling: 12 ft.
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 1,600 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/31/2024

Overview / Comments

Opportunity to take advantage of a value-add investment, two contiguous retail or office investment condos just off busy Route 102 in Hudson. This location benefits from significant morning and evening traffic between Hudson/ Nashua and Londonderry/ Derry/ Interstate 93. Unit E and Unit F together are 1,600sf with four offices, a conference room, a kitchen in the front; a warehouse, a shipping receiving area with an 8' overhead drive-in door, and an 8x12 storage area in the back. The units feature 12' ceilings, electric heat and power, 100% central air conditioning, and two restrooms. Plenty of parking, great signage, high traffic flow.

Units E & F are fully tenanted, with one tenant expiring on 12/31/24 if they don't exercise their option, and the other expires on 8/1/25 unless they exercise their option.

This investment currently sits at a 6% cap rate with $12,000+ cash flow. Prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition.

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Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 101-013-CDX
Zoning: BD
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Year Built: 1985
Total Parking Spaces: 25
Parking Type: Surface
Air Conditioning: Package Unit
Lot Frontage: 150
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 23,052 108,212
Median Age: 40.84 38.76
Households: 8,067 41,778
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