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: |
7/22/2024 |
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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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