10 Watson RdBarnstead, NH 03218

Property Details for 10 Watson Rd

Year built

1986

Lot size

1.75 AC

Property size (Sq ft)

3,247 SF

Zone code

301 CO

Property type

Other commercial real estate

Property subtype

Showrooms

APN

BRND M:00002 L:000065 S:000001

APU

BRNDM00002L000065S000001

Description

This exceptional investment opportunity in Barnstead, NH, presents a unique blend of income-generating properties. The property encompasses 1.75 acres and features two self-storage buildings with a total of 49 units, providing a consistent revenue stream. In addition to the self-storage units, a substantial main building offers significant rental potential. This building includes a retail space exceeding 1,000 square feet, currently leased to an HVAC company at a monthly rent of $1,500. The main building also houses two residential apartments: a large two-bedroom apartment on the first floor, renting for $1,500 per month, and a spacious studio apartment on the second floor, commanding a monthly rent of $950. The total square footage of the entire property is 2,766 square feet. Apartment tenants are responsible for their own separately metered propane gas heat and electricity. The retail space is equipped with central air conditioning. This property offers a diverse portfolio of income streams, making it an attractive investment for those seeking a stable and potentially high-return opportunity. The asking price for this multi-faceted property is $995,000. This is a turnkey operation with existing tenants and established rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $789,134

  6.5%

  $728,432

  7%

  $676,401

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,069,118

  Geo Method

  $1,069,118

• Alternative Use

  Use

  Valuation

  Residential

  $614,459

  Hospitality

  $562,842

  Educational

  $468,278

  Medical

  $484,382

  Retail

  $728,432

Location Insight

City

Barnstead

County

Belknap

State

New Hampshire

Latitude

43.3402

Longitude

-71.2892

CBSA code

29060

CBSA name

LACONIA, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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