247 Sullivan Street, Claremont, NH - $675,000

247 Sullivan Street, Claremont, NH

   Photo 1 of 15   
Price: $675,000 Status: Active
Taxes: $36,680 Lot Size 10.35

Comments:

175,000 sq. Ft. Industrial building on 10+ acres less than 5mi to Rte. 91 & VT border and 25 min to 89/91 corridor. $24,000+/mo rental income. Cap Rate >18% & noi> $100K Includes new furnace, electrical service (400 amps 480 volts), new T8 lighting, and partial (40,000 sq. Ft.) new rubber roof. Large yard for trucks. 10 docks and 5 drive in doors. Wet sprinkler. New Buderus 768,000 btu Boiler supplied by above ground tank. Clean Phase II recently completed. Zoned I2. Includes deeded water rights. Ceiling height: 15'X 20,000 sq. Ft. 12' X 154,000 sq. Ft. 7' X 1,000 sq. Ft. Includes 2 outbuildings (5000 sq. Ft.) Operate your business with no utility or property tax costs. Tenants occupy 120,000+/- sq. Ft. W/monthly gross income of $20,000+ covering all expenses including taxes utilities and generating profit) or lease the remaining available space for even greater income potential! 2017 Cap Rate > 18% based on actual 2017 noi of $118,637 and 20% Cap Rate based on projected noi for 2018 of $138,500

Listed by Derek Eisenberg of Continental Real Estate Group, Inc..

Property Features

Property Information

MLS # 
4669304 
Property Type 
Commercial Sale 

Additional Features

Lot Desc 
Not Available 
Property Type 
Commercial Sale 
Road Frontage 
TBD 
Roof 
Metal, Tar and Gravel, Wood 
Roads 
Not Available 
Sq Ft Building 
175000 
Stories 
Not Available 
Baths 
Not Available 
Units 
Not Available 
Water 
Public 
Water Access Desc 
Not Available 
Water Body Name 
Not Available 
Water Frontage 
Not Available 
Zoning 
I2 

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