Property summary
This exceptional free-standing commercial building, constructed in 2019, presents a lucrative investment opportunity in the thriving Londonderry, NH market. Strategically located near Route 93, Exit 4, this property boasts convenient access to major transportation arteries, Manchester Airport, and a wealth of amenities. The building currently enjoys a 96% occupancy rate, with a newly signed five-year lease (with renewal options) for a salon occupying the entire first floor. The second floor houses professional office tenants. A single vacant office space of approximately 245 square feet is available, offering immediate income potential. A significant advantage is the full basement, featuring an 8-foot ceiling height and a separate egress, presenting further leasing opportunities. Ample parking is available on-site, catering to the needs of tenants and clients. The property's excellent condition and high occupancy rate make it an attractive investment for discerning buyers seeking strong returns in a prime location. The asking price is $1,400,000. This is a rare opportunity to acquire a nearly fully leased, modern commercial building in a highly desirable area.
Property profile
VerifiedCap rate & NOI
Current use
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Hair Salon
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The five commercial sub-districts (C-I, C-II, C-III, C-IV, and MUC) are designed to provide areas for commercial development to include, but not limited to, retail businesses, financial institutions, service oriented bus…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-I · Londonderry, NHThe five commercial sub-districts (C-I, C-II, C-III, C-IV, and MUC) are designed to provide areas for commercial development to include, but not limited to, retail businesses, financial institutions, service oriented bus…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The five commercial sub-districts (C-I, C-II, C-III, C-IV, and MUC) are designed to provide areas for commercial development to include, but not limited to, retail businesses, financial institutions, service oriented bus…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-I in Londonderry, NH.
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Find the owner behind the property.
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