Franklin, NH 03235,880 Central Street
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Franklin, NH 03235,880 Central Street
Franklin, NH 03235,880 Central Street
Franklin, NH 03235,880 Central Street
Franklin, NH 03235,880 Central Street

$2,625,000

Est. payment /mo

$2,700,000

2.8%
Est.Price: ?

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880 Central Street Franklin, NH 03235

43,200 SqFt

SOLD DATE : 12/09/2019

Key Details

Sold Price $2,625,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 43,200 sqft

Price per Sqft $60

MLS Listing ID 72545845

Sold Date 12/09/19

Year Built 1960

Annual Tax Amount $45,765

Tax Year 2019

Lot Size 5.220 Acres

Acres 5.22

Property Description

For Sale. 11-unit community shopping center. 43,200 square feet on 5.20 acres. 220 parking spaces. NOI of $234,300. Cap Rate of 8.68%. Cash on Cash return of 15.33% year 1. Excellent mix of National, Regional, Local retailers and services, most long term. Entire roof replaced in 2009 and most roof top HVAC units have been replaced within last 9 years. Located at a lighted intersection on Route 3 in Franklin, NH (Exit 20 off Route 93) anchored by Auto Zone, Rent-A-Center, Aubuchon Hardware, Snap Fitness, NH State Liquor Store plus laundromat, restaurant, nail salon and medical clinic.. Approximately 435' frontage on Route 3 with large Pylon Sign. Approximately 20,000 VPD traffic count. CVS is located directly across the street with nearby retailers including McDonalds, Citizens Bank, Dunkin Donuts, Family Dollar, Hannafords Supermarket with Franklin Regional Hospital nearby. Steady, stable cash flow. Zoning is B1. Future pad site potential.

Location

State NH

County Merrimack

Zoning B1

Direction Route 93 to Exit 19, left onto Route 132, follow to Route 3, Take left on Route 3 up on right 1.5 mi

Exterior

Utilities Available Public Water, Public Sewer, Natural Gas Available

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Listed by Coppola Properties
Bought with Nicholas Coppola • Coppola Properties

Peter Pezzano

Agent | License ID: 9520972

+1(617) 913-2730

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