NH > New London
New London, NH 03257,207/209 Main ST
New London, NH 03257,207/209 Main ST
New London, NH 03257,207/209 Main ST
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Jonathan Bombaci

Jonathan Bombaci

+1(978) 710-5616
Listed by Alan M Croteau • Real Property Options
$1,500,000
Est. payment /mo
10,066 SqFt
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Key Details

Property Type Commercial

Sub Type Business,Hospitality,Investment,Office,Opportunity,Retail

Listing Status Active

Purchase Type For Sale

Square Footage 10,066 sqft

Price per Sqft $149

MLS Listing ID 5005799

Year Built 1890

Annual Tax Amount $13,512

Tax Year 2024

Lot Size 0.760 Acres

Acres 0.76

Property Sub-Type Business,Hospitality,Investment,Office,Opportunity,Retail

Property Description

Welcome to quaint New London - home of Colby Sawyer College. This prime investment property, the Chowanski Plaza, has a prominent eatery with Tucker's Restaurant already leasing one of seven commercial spaces along with many other successful businesses. With plenty of vehicle and foot traffic, any business wanting exposure to enhance their profitability will surely gain success here. The main building has seven free standing spaces. A second detached building offers a mixture of either retail, service and office accommodations. With recent renovations, and being well maintained, it is undoubtedly a distinguished commercial location. The property contains 39 on-site parking spaces and has 4 curbside ones out front. Within walking distance to Colby Sawyer College, New London Barn Playhouse, and many other attractions, Chowanski Plaza has so many opportunities to afford a future owner. As of 01 April 2025, the entire property will be 100% occupied; with a 7.82% cap rate at the offered price!! This may fit well for a 1031 exchange buyer. SELLER IS OFFERING CONSIDERABLE CONCESSIONS FOR A CLOSING NO LATER THAN 31 MAY 2025! SELLERS' CONCESSIONS AT CLOSING AND MANAGEMENT FEES PREPAID FOR THE FIRST YEAR OF OWNERSHIP.

Location

State NH

County Nh-merrimack

Area Nh-Merrimack

Zoning Commercial

Rooms

Basement Entrance Walk-up

Basement Concrete, Concrete Floor, Dirt Floor, Partial, Stairs - Exterior, Storage Space, Sump Pump, Unfinished

Interior

Cooling Central AC

Inclusions Land/Building

Exterior

Parking Features Off Street, On-Site, On Street, Parking Spaces 21+, Paved, Unassigned

Garage Description Off Street, On-Site, On Street, Parking Spaces 21+, Paved, Unassigned

Utilities Available Cable, Gas - LP/Bottle, Multi Phone Lines

Roof Type Metal,Shingle - Architectural

Building

Foundation Concrete, Stone

Sewer Public

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207/209 Main ST

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+1(978) 710-5616