MLS#5077422
STATUSActive
PROPERTY TYPECommercial - Retail
Listing Courtesy of:
Badger Peabody Smith Realty
Agency Contact: Phone: 603-991-5994
Associate Name: Shem Nelson
Property Description
This CASH-FLOWING portfolio offers two fully rent-ready buildings with solid income and significant upside. The larger property includes six 1-bed apartments with only one vacancy, plus three commercial units (two with leases and one vacant) making it an ideal mixed-use setup for steady returns. The second building includes four residential units (three 1-bedroom units and one 3-bedroom unit) and has recently completed professional lead remediation, making three of the units ready for immediate leasing. With most rents currently below market, new ownership has a clear opportunity to increase income quickly. Even with a few open units, the portfolio produces cash flow from day one, with strong potential for value growth as vacancies are filled at market rates. NOTE: This portfolio includes a 4 unit Multifamily located at 23-25 Bunker Hill, Lancaster, NH in addition to the mixed use building. The offering memorandum shows conservative assumptions for potential performance and also has a link to an external deal room with additional photos, video tours and all of the financials needed to underwrite this portfolio. DETAILS: Gross Living area: 5,829sqft/3600sqft - Public Water & Sewer - Year Built: 1948/1834 - Roof: Flat Rubber/Metal - Heat: Oil/Forced Hot Water
Property Features
Property Type: Commercial - Retail
Basement: Yes
Basement: Full, Partially Finished, Interior Stairs, Interior Access, Exterior Access
Heating: Hot Water, Oil
Lot Size: 0.06 Acres
Taxes: $9,007
Year Built: 1948
Feature Descriptions
Basement Access: Walkout
Commercial Features: Living Space Available, Heat Included, In-Unit Bathroom
Days on Site: 56
Lot: In Town, Near Shopping, City Lot, Curbing, Major Road Frontage
Parking: Off Premises, Off-Site, On-Site, On Street
Road Frontage: 37
Sale Inclusions: Land/Building
Sewer: Public
Units: 13
Water: Public
Zoning: C-COMM
Listed By / Shown By
Listed By
Agency Name: Badger Peabody Smith Realty
Agency Contact: Phone: 603-991-5994
Agent Name: Shem Nelson
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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98 Main Street | MLS# 5077422
This commercial property located at 98 Main Street, Lancaster, NH 03584 is currently listed for sale with an asking price of $905,000. Search Lancaster real estate on www.masiellogrouprealestate.com today.