List Price: $899,000 Commercial
Space type
Date Listed Tuesday Feb 11, 2025 | MLS# 5029130
Space type
Date Listed Tuesday Feb 11, 2025 | MLS# 5029130
To see this Listing
Address: 115 Lake Street Bristol NH
Listed by Margaret Duba RE/MAX Innovative Granite Group
Description:
Prime Investment Opportunity in Bristol's Growing Lake Community Seize the chance to own a commercial building and .57-acre lot in a high-visibility location with strong traffic counts. This property is currently leased to a thriving, long-standing commercial tenant, a mainstay of the community, on a 4-year lease. It also features an ample paved parking lot for convenience and accessibility. With the tenant covering all taxes, insurance, and utilities, this is a hands-off investment offering an 8% return, making it an ideal choice for a 1031 tax exchange. Investors can enjoy immediate passive income, while those looking to start their own business have four years to prepare in this up-and-coming lake community. A full basement provides additional space for storage, office use, or walk-in access, adding even more value to this investment. Don't miss out on this turnkey investment in a thriving location! Current tenant has right of first refusal for all offers.
Building Type : Investment
Misc : Public Restrooms
Sale Includes : Land/Building | Other
Listed by Margaret Duba RE/MAX Innovative Granite Group
Description:
Prime Investment Opportunity in Bristol's Growing Lake Community Seize the chance to own a commercial building and .57-acre lot in a high-visibility location with strong traffic counts. This property is currently leased to a thriving, long-standing commercial tenant, a mainstay of the community, on a 4-year lease. It also features an ample paved parking lot for convenience and accessibility. With the tenant covering all taxes, insurance, and utilities, this is a hands-off investment offering an 8% return, making it an ideal choice for a 1031 tax exchange. Investors can enjoy immediate passive income, while those looking to start their own business have four years to prepare in this up-and-coming lake community. A full basement provides additional space for storage, office use, or walk-in access, adding even more value to this investment. Don't miss out on this turnkey investment in a thriving location! Current tenant has right of first refusal for all offers.
Building Type : Investment
Misc : Public Restrooms
Sale Includes : Land/Building | Other
Features
Signage: Adequate
Signage: Adequate
Income
Net Income| 72000
Gross Income| 72000
Management Expense: $0
Insurance Expense : $0
Net Income| 72000
Gross Income| 72000
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1984
Price Per SQ.FT. 0.00 No. of Units: 0
Building Size : 0
Building Type: Investment
Year Built: 1984
Price Per SQ.FT. 0.00 No. of Units: 0
Building Size : 0
Building Type: Investment
Exterior
InteriorBasement: Concrete | Full | Stairs - Interior | Storage Space
Land Information
Lot size: 0.57 acres
Zoned: Village Commercial
Garage And Parking: Parking Spaces 11 - 20 | Paved
No. of Docks | 0.
UtilitiesUtilities: Cable - Available
AC % | 0.
Additional Information
Taxes $7,570
Assesed Value Not Reported
Taxes $7,570
Assesed Value Not Reported
Schools
