$569,500 $130 per sq.ft. Deerfield NH »

Price Change! Reduced by $20,000 down 4% on October 17th 2024
Available Sq.Ft. 0   Zoned AR AGR/RES Prop Type
List Date Thursday Sep 26, 2024
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. See MLS Property & Listing Details & 42 images.