Industrial Investment on 31.9± Acres

Industrial Investment on 31.9± Acres

233 NH Route 119, Rindge, NH | Industrial Investment on 31.9± Acres Offered at $1,750,000 | Leased warehouse and canopy building, with large-scale development upside 233 NH Route 119 is an income-producing industrial property on 31.9± acres in Rindge, New Hampshire, zoned Business Light Industry. It currently generates a net operating income of $112,388 from an established tenant. That income gives a new owner stable cash flow while they improve the property and build out the remaining land. The main warehouse totals approximately 14,650 SF and has four 14' x 14' overhead doors. A second structure, a 9,500± SF canopy building with a metal roof, three walls and a dirt floor, provides covered storage for vehicles, equipment or materials. The building is served by two 400-amp electrical panels, along with private water and sewer. A locking gate at the entrance secures the site. The warehouse and canopy building are leased to a single tenant who has occupied the property since July 1, 2022. The tenant pays all utilities, snowplowing and landscaping under a modified gross lease, which keeps ownership’s management obligations light. The lease includes one 3-year renewal option beginning July 1, 2027. The true value of this offering lies in what comes next. With the tenant covering operating costs, a buyer can invest in improvements to the existing buildings and pursue development of the additional acreage. The Business Light Industry zoning and the size of the site support a range of concepts, including additional industrial buildings, self storage, alternative building configurations, and a potential cell tower lease. Each of these could add income streams and long-term value. Whether you are an investor looking for income with meaningful upside or an owner-user planning future expansion, 233 NH Route 119 offers a rare combination of scale, flexibility and income in place.