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    75 Railroad Avenue

    Epping, NH 03042
    • $1,925,000
    • STATUS: Active
    • MLS #: 4842877
    $1,925,000
    • 0
      BEDS
    • 3.81
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Courtesy of Jack Murray of IKAN Property Advisors, Llc.

    Description

    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.

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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 displayed on this 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 2021-01-22T00:10:54.987.
    www.parrottrealtygroup.com/homes/112951815
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    75 Railroad Avenue Epping, NH 03042

    • Price: $1,925,000
    • Status: Active
    • MLS #: 4842877
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.81
    Acres
    County:
    Rockingham
    Area:
    Epping
    Property Description
    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.
    Exterior Features

    Area Description Business DistrictIn TownNear PathsNear ShoppingNear Snowmobile TrailsNeighborhoodOtherNear Public Transportatn Lot Description LevelMajor Road FrontageNeighbor BusinessOpenRecreationalRental ComplexTrail/Near TrailWalking Trails Road Frontage Yes Road Frontage Length 400 Roads DirtOtherPavedPublicUnpavedEasement/RowPrivately Maintained

    Property Features

    Block 0 Covenants Unknown Easements Yes Electric Combo Flood Zone Unknown Lot Number 237 Resort No Row Length Tbd Row Parcel Access Yes Row Width Tbd Sewer Public Surveyed Yes Taxes Tbd Unknown Utilities Cable - At SiteGas - Lp/BottleMulti Phone Lines Water PublicShared Zoning Mixed

    Courtesy of Jack Murray of IKAN Property Advisors, Llc.


    © 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 displayed on this 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 2021-01-22T00:10:54.987.
     
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    Parrott Realty Group | Keller Williams Gateway Realty
    20 Trafalgar Square
    Nashua NH, 03063
    Courtesy of Jack Murray of IKAN Property Advisors, Llc.