75 Railroad AvenueEpping, NH 03042MLS Number 4842877

  • Price: $1,925,000
  • Est. Mortgage of $/month
  • 27 Days on Market
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Federal 30-year interest rate: 2.77% last updated on Jan 21, 2021
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75 Railroad Avenue Epping NH 0304275 Railroad Avenue Epping NH 03042
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  • 3.81Acreage
  • 165,964Square Feet

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Listed by Jack Murray of IKAN Property Advisors, LLC
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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More Info

Basic Information

  • Date Listed01/01/2021
  • StatusACT
  • Property TypeLand
  • List Price$1,925,000
  • MLS Number4842877
  • MLS StatusActive

Utilities

  • WaterPublic, Shared
  • ElectricCombo
  • SewerPublic

Location

  • Building Number75
  • StreetRailroad Avenue
  • TownEpping
  • StateNH
  • Zip03042
  • CountyRockingham
  • Flood ZoneUnknown

Other

  • SurveyedYes
  • ZoningMixed

Property

  • Acreage3.81
  • Area
    • Business District
    • In Town
    • Near Paths
    • Near Public Transportatn
    • Near Shopping
    • Near Snowmobile Trails
    • Neighborhood
    • Other
  • Square Feet165,964
  • Lot237
  • Road Frontage400
  • Roads
    • Dirt
    • Easement/ROW
    • Other
    • Paved
    • Privately Maintained
    • Public
    • Unpaved
  • Topography
    • Level
    • Major Road Frontage
    • Neighbor Business
    • Open
    • Recreational
    • Rental Complex
    • Trail/Near Trail
    • Walking Trails
Ruedig Realty
Ruedig Realty
Office: 603-228-1947
125 N. State Street
Concord, NH 03301
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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 for sale on this web 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 January 27, 2021.

 

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