247 Sullivan St, Claremont, 03743

Commercial - Commercial/Industrial For Sale

$695,000

Beds
Baths
Sqft
10.35Acres
1900Built
54DOM
MLS® #: 4760702
Active, 54 Days on Market

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
Bathrooms: 0.00
Acres: 10.35
Year Built: 1900
Type: Commercial
Sub-Type: Commercial/Industrial
Status: Active

Community Information

Address: 247 Sullivan St
Area: Claremont
City: Claremont
County: Sullivan
State: New Hampshire
Zip Code: 03743

Amenities

Utilities: Gas - LP/Bottle
Features: Fire System
Parking Spaces: 21
Parking: Garage, Parking Spaces 21+, Paved

Interior

Heating: Forced Air, Hot Water

Exterior

Exterior: Block, Brick, Concrete, Metal
Roof: Metal, Tar and Gravel, Wood
Construction: Masonry, Metal
Foundation: Poured Concrete

Additional Information

Date Listed: June 24th, 2019
Days on Market: 54
Zoning: I2

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Listing information last updated on August 17th, 2019 at 10:36pm EDT.