List Price: $569,500 | $130 per sq.ft. Commercial
Space type
Price Change! Reduced by $20,000 down 4% on October 17th 2024
Date Listed Thursday Sep 26, 2024 | MLS# 5016231
Space type
Price Change! Reduced by $20,000 down 4% on October 17th 2024
Date Listed Thursday Sep 26, 2024 | MLS# 5016231
To see this Listing
Address: 7 Church Street Deerfield NH
Listed by Casey Purinton BHHS Verani Londonderry Phone: 603-397-8246
Description:
The Deerfield Business Center is a 4,369 +/- SF mixed-use office and residential building located in the heart of Deerfield, NH, just off Routes 43 and 107. Originally a church and then a community center, the building now comprises 5 office units and 2 residential units. Four office units are located on the first floor, and one in the tower. The seller used one of the units as a personal office but has recently moved leaving one of the office units vacant. The second level has two renovated 1-bedroom apartments, complete with hardwood flooring, vaulted ceilings, and stone countertops. The building has five bathrooms (2 full and 3 quarter baths). The commercial tenants have shared common area space with restrooms and kitchenette. The first floor is radiant heating, while the upper floors are a combination of FHA, Mini Split, and electric baseboard heating. Gross rents currently total $57,780.00, with a net operating income (NOI) of $36,224.00. The pro forma gross income is estimated at $74,280 with the vacant unit leased. Valued on 9.3% CAP rate from proforma NOI. There is ample parking available in the paved lot, along with coin-operated laundry and the majority of the building is sprinklered.
Building Type : Multi-Family | Office
Sale Includes : Land/Building
Listed by Casey Purinton BHHS Verani Londonderry Phone: 603-397-8246
Description:
The Deerfield Business Center is a 4,369 +/- SF mixed-use office and residential building located in the heart of Deerfield, NH, just off Routes 43 and 107. Originally a church and then a community center, the building now comprises 5 office units and 2 residential units. Four office units are located on the first floor, and one in the tower. The seller used one of the units as a personal office but has recently moved leaving one of the office units vacant. The second level has two renovated 1-bedroom apartments, complete with hardwood flooring, vaulted ceilings, and stone countertops. The building has five bathrooms (2 full and 3 quarter baths). The commercial tenants have shared common area space with restrooms and kitchenette. The first floor is radiant heating, while the upper floors are a combination of FHA, Mini Split, and electric baseboard heating. Gross rents currently total $57,780.00, with a net operating income (NOI) of $36,224.00. The pro forma gross income is estimated at $74,280 with the vacant unit leased. Valued on 9.3% CAP rate from proforma NOI. There is ample parking available in the paved lot, along with coin-operated laundry and the majority of the building is sprinklered.
Building Type : Multi-Family | Office
Sale Includes : Land/Building
Features
Signage: Adequate
Signage: Adequate
Income
Net Income| 36224
Gross Income| 57780
Management Expense: $0
Insurance Expense : $0
Net Income| 36224
Gross Income| 57780
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1882
Price Per SQ.FT. 130.35 No. of Units: 7
Building Size : 4369
Building Type: Multi-Family | Office
Year Built: 1882
Price Per SQ.FT. 130.35 No. of Units: 7
Building Size : 4369
Building Type: Multi-Family | Office
Exterior
InteriorBasement: Bulkhead
Sprinkler: Wet.
Land Information
Lot size: 0.63 acres
Zoned: AR AGR/RES
Road Frontage: 190
Road Frontage: 190
No. of Docks | 0.
UtilitiesHeating: Baseboard | Forced Air | Radiant Floor | Mini Split
Electric: Circuit Breaker(s)
Utilities: Cable | Gas - LP/Bottle
AC % | 0.
Additional Information
Taxes $9,980
Assesed Value Not Reported
Taxes $9,980
Assesed Value Not Reported
Schools
