Bought with Andrew Ward • Colliers International
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56-58 Main Street Raymond, NH 03077
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Key Details
Sold Price $330,000
Property Type Commercial
Sub Type Investment,Office
Listing Status Sold
Purchase Type For Sale
Square Footage 4,510 sqft
Price per Sqft $73
MLS Listing ID 4423714
Sold Date 05/13/16
Construction Status Existing
Year Built 1900
Annual Tax Amount $7,754
Tax Year 2014
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Investment,Office
Property Description
A well maintained office and apartment building in a downtown Main Street location, walking distance to all services including retail, restaurants, banking and Town Hall . The property consists of two adjoined buildings with a total of 4,510+/- SF of office and apartment space and a 6 space private parking lot. 56 Main Street is a two story building with 1,696+/- SF of office space on the first floor and 3 apartment units (1,392+/- SF) on the second floor. 58 Main Street is a single story building with 1,422+/- SF of finished office space comprised of office rooms which are leased individually. 100% occupied with month-to-month tenants except for the 56 Main St. office tenant which has a short term lease. The projected 2015 rental income is $49,800, the net operating expenses and utility cost (landlord pays utilities) is $27,879 which yields a cap rate of 7.9% based on list price.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning C-1
Interior
Heating Oil
Cooling Central AC
Exterior
Exterior Feature Vinyl Siding
Parking Features On-Site, Parking Spaces 1 - 10, Parking Spaces 6+
Garage Description On-Site, Parking Spaces 1 - 10, Parking Spaces 6+
Building
Water Public
Construction Status Existing
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