$2,625,000
$2,700,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
880 Central Street Franklin, NH 03235
43,200 SqFt
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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Bought with Nicholas Coppola • Coppola Properties