 802-295-1355 The Clerkin Agency, P.C. 565 Maple Street White River Junction, Vermont. 05001 |
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Listed by Keegan Rice Badger Peabody & Smith Realty Cell: 603-348-7261 on
June 9th 2023 |
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$3,250,000 | $167 per sq.ft. Under Contract
Commercial Property, 45 Hanover Street Lebanon NH | Space type Business w/ Real Estate,Food Service,Free Standing Building MLS# 4956580
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| DESCRIPTION
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This highly visible and well-known property offers a range of benefits and possibilities for the savvy investor. Included in the sale is the building itself, a fully operational and successful pizza restaurant complete with business assets and furniture, fixtures, and equipment (FF& E). Additionally, three other tenants are already in place, providing immediate rental income. Two of these tenants are tenants-at-will (TAW), while one has a lease in effect until July 2024. Coordinate long-term lease extensions with existing tenants or take advantage of the property's versatility and use it according to your needs and vision. Featuring exceptional visibility and accessibility, with an impressive 11,000 car traffic count. This ensures that your business will receive maximum exposure, attracting a steady stream of potential customers. Additionally, the building, constructed in 1987, boasts modern features that make it suitable for a wide range of uses, providing flexibility for future ventures. The property is strategically located amidst ample public parking, which greatly supports both tenants and customers. The pizza restaurant within the building is a true gem, generating exceptional cash flow. It includes a full bar known as the "Cave," adding a unique and enticing element to the establishment. The restaurant has a proven record of historical performance, and there are ample opportunities for further growth and success under new stewardship.
Location : Business District | Commercial Zoning | In Town | Near Shopping | Near Public Transportatn | Near Hospital Building Type : Business | Development | Hospitality | Investment | Office | Opportunity | Retail Equipment : Smoke Detectr-HrdWrdw/Bat | Sprinkler System Misc : Fire System Sale Includes : Equipment | Land/Building/Business Signage-| Adequate Price per SQFT | 166.67 Net Income| 0 Management Expense-| $0 Insurance Expense -| $0 | |||
| FEATURES AND DETAILS
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CONSTRUCTION: Masonry | Steel Frame | Brick Exterior | Price Per SQ.FT. 166.67 | Year Built: 1987 No. of Units-| 5 Building Size | 19500 |
Building Type: Business | Development | Hospitality | Investment | Office | Opportunity | Retail Sprinkler | Wet. Roof: Standing Seam Road Frontage: 371 Heating: Forced Air | Hot Water Cooling: Central AC | Mini Split Electric: 3 Phase Utilities: Cable No. of Docks | 0. No. of Drive Doors | 19500. AC % | 100. |
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| LAND INFORMATION
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ADDITIONAL INFORMATION
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Lot size: 0.22 acres Zoned: LD Road Frontage: 371 |
Transport Info: City Street | Near Airport Taxes $21,267 | Assesed Value $0 in | ||
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