188 W Main St - Storefront Retail/Residential FOR SALE


Hillsborough, NH 03244
$700,000 USD
603-232-8282
188 W Main St, Hillsborough, NH for Sale
$700,000 USD
Storefront Retail/Residential - FOR SALE
1/18
null | 6.93% Cap Rate

188 W Main St
Hillsborough, NH 03244


HIGHLIGHTS

  • Opportunity for Vacant Land Development
  • Extra Revenue Potential on Leasing and Parking
  • 5 Street-level Commercial Spaces
  • 2 Apartments on Second Level
  • Strong Traffic Flow / Excellent Visibility
  • Public Water and Sewer

OVERVIEW

Discover a thriving commercial property with a consistent rental history sited on 4.6 acres of land. This building boasts 7 units, including 2 apartments and 5 street-level commercial spaces all currently leased, and 20+ parking spaces. All units have separately metered electrical panels. Situated in a prime location with strong traffic flow and close proximity to the Osram Sylvania factory, retail and food establishments, financial institutions, building supply stores, etc., this property presents an excellent investment opportunity. Unlock extra revenue potential by leasing parking spaces or exploring the possibility of developing the vacant land. 8" water main exists to the back of the property. Key advantages in place, including land in rear, access to water, and preexisting use rights if expanding the laundromat are a consideration. Additionally, a new wash & fold work area has been created, and a transaction window has been installed to support additional retail opportunities. Two new washers have also just been installed to enhance service capacity. Located diagonally across from what will be the newly constructed 84 unit workforce housing development known as Hillsborough Heights Apartments. Please call Krissy LaPorte at 603-303-9542 or email krissylaporte@kw.com to set up a private tour and request Offering Memorandum.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

6.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prime Mixed-Use Property 6.93% CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

4.6 AC

LAND SF

200,376 SF

ZONING

COMM-WS

APN/PARCEL ID

HLBO-000011P-000340

ASK ABOUT THIS PROPERTY

TJ PotterKW CommercialMore Info
603-232-8282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

TJ PotterKW CommercialMore Info
603-232-8282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.