Michael Travis

75 Railroad AvenueEpping, NH 03042Price: $1,925,000

  • Price: $1,925,000
  • Est. Mortgage of $/month
  • 17 Days on Market
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Federal 30-year interest rate: 2.79% last updated on Jan 14, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,925,000List Price
  • 3.81Acreage
  • 165,964Square Feet

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Existing 30,000 sq ft Income producing property, with towns ZBA density approval for 16 residential units in addition to some of the existing commercial spaces. Property is serviced w/town water/sewer, Unitil planning to install natural gas along railroad ave 2021. Almost 99% occupancy based on 4yr sq ft #'s, great mix of tenants, close proximity to major commuting routes. 11 minutes from Amtrak Terminal. Building is fully sprinkled, majority of existing tenants pay their own water usage, electrical consumption, heat, trash and snow plowing. Building is an old shoe mill, Phase I & II environmental study analysis 2006 on file, Broker/Family Interest: over the years we have upgraded certain parts of the building to create a small business community. The next phase of the evolution of this property could be the construction of several duplexes. the town approved the density criteria of 16 residential units. The next owner may want to build a small 16 apartment building creating another stream of rental income in conjunction with some of the existing commercial building. The existing building consists of 13 Units. Contract rent 157K w/37K of expenses. The conceptual plan we have designed for the redevelopment of the property isolates the new residential duplexes via a ROW on an abutting property & keeping business traffic separated from residential. The new residents can walk to the post office or starbuck or hit the recreational trail for a hike or snowmobile ride.

Property Details of 75 Railroad Avenue

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Listed by Jack Murray of IKAN Property Advisors, LLC
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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated January 18, 2021.

 

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