247 Sullivan St, Claremont

$695,000

Derek Eisenberg
Continental Real Estate Group, Inc.
0 Beds
0 Baths
0 Sqft
10.35 Acres
0 Garages

175,000 sqft. 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 is an impressive >14% & noi> $100K. Includes new, electrical service (400 amps 480 volts), new T8 lighting, & partial (50,000 sq. Ft.) new rubber roof. Large yard for trucks. 10 docks & 6 drive in doors. Wet sprinkler. New Buderus 768,000 btu boiler. Zone I2. Wet sprinkler (serviced and inspected). 2009 Buderus 768,000 btu Boiler supplied by above ground tank. Clean Phase II recently completed. Zoned I2 (industrial for many possible uses). 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 (total of 5000 sq. Ft.) Operate your business with no building costs. Tenants occupy 125,000+/- sq. Ft. W/monthly gross income of $24,000+ covering all expenses including taxes, maintenance, utilities and generating profit) or renovate and lease the remaining 50,000+ sq. Ft. Available space for even greater income potential! 2018 Cap Rate > 14% based on actual 2018 noi of $95,821 and 20% Cap Rate based on projected noi for 2018 of $100,764.

Derek Eisenberg, Continental Real Estate Group, Inc..

Essential Information
MLS® #4760702
Price$695,000
Bathrooms0.00
Acres10.35
Year Built1900
TypeCommercial
Sub-TypeCommercial/Industrial
StatusActive
Community Information
Address247 Sullivan St
AreaClaremont
CityClaremont
CountySullivan
StateNew Hampshire
Zip Code03743
Amenities
UtilitiesGas - LP/Bottle
FeaturesFire System
Parking Spaces21
Parking

Garage, Parking Spaces 21+, Paved

Interior
HeatingForced Air, Hot Water
Exterior
ExteriorBlock, Brick, Concrete, Metal
RoofMetal, Tar and Gravel, Wood
ConstructionMasonry, Metal
FoundationPoured Concrete
Additional Information
Date ListedJune 24th, 2019
Days on Market113
ZoningI2
Listing Details
AgentDerek Eisenberg
Office

Continental Real Estate Group, Inc.

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Listing information last updated on October 16th, 2019 at 7:22am EDT.