$185,000
1,600
Living Area
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Property Description
Opportunity to take advantage of a value-add investment, two contiguous retail or office investment condos just off busy Route 102 in Hudson. This location benefits from significant morning and evening traffic between Hudson/ Nashua and Londonderry/ Derry/ Interstate 93. Unit E and Unit F together are 1,600sf with four offices, a conference room, a kitchen in the front; a warehouse, a shipping receiving area with an 8' overhead drive-in door, and an 8x12 storage area in the back. The units feature 12' ceilings, electric heat and power, 100% central air conditioning, and two restrooms. Plenty of parking, great signage, high traffic flow. Units E & F are fully tenanted, with one tenant expiring on 12/31/24 if they don't exercise their option, and the other expires on 8/1/25 unless they exercise their option. This investment currently sits at a 6% cap rate with $12,000+ cash flow. Prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition.
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Highlights
- Acres: 1
- Property Class: Commercial Sale
- Year Built: 1985
- HOA Fee: $680
- Unit Number: E & F
- Status: Closed
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Additional Details
- Roof: Shingle
- Zoning Description: Legal Conforming
- Zoning: Bd
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Fees / Taxes
- HOA: Yes
- Tax Year: 2023
- HOA Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
- Taxes: $2,953
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