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28941646
28941645

166 W Main St, Hillsborough, NH 03244

KL
NH 069071, MA 9572112
KW Commercial
KW Commercial
Listed by KW Commercial
$3,400,000
597 days on market
Updated 8 days ago

Income Producing Commercial Asset w/ Additional Lease Space

Details
APN HLBO M:0011P B:000341 L:000000
Property Type Industrial
Sub Type Flex, R&D
Square Footage 45,000
Units 11
NOI $193,910
Occupancy 91.11%
Tenancy Multi
Lease Type Gross
Pro-Forma NOI $322,310
Price per SqFt $76
Class B
Year Built 1966
Year Renovated 1988
Buildings 3
Stories 2
Acreage 4.800
Zoning COMM-WS
Parking Spaces 247 spaces
Parking Per SqFt 5.49
Investment Type Owner/User
Ceiling Height 20 ft

Flex - R&D | 45,000 - 70,519 SF

Marketing description

Income Producing Commercial Asset with Additional Space for Lease

Featuring concrete floors and high ceilings, the building is equipped with 110/220/208 three-phase power, compressed air, HVAC, and LED lighting. It includes loading docks and receiving bays for efficient operations. The paved, well-lit parking lot can accommodate 247+ vehicles, making it ideal for inventory display or customer parking. Additional parking options also available. As an example of this multi-use building, Unit K features include a 3rd forced hot air/waste oil furnace, one tandem axle lift, one single axle lift, a four-post 12,000 lb. lift, and a commercial overhead exhaust system. Offices throughout the building include multiple configurations to suit your administrative needs.

This property is currently configured as an income producing asset with the flexibility to support your owner occupant business, including automotive sales or service, equipment sales and service, retail showroom with warehouse, light manufacturing or assembly, distribution or logistics, service and parts operations, garden or outdoor retail, or a commercial business incubator.

Fully equipped and ready to meet your business needs, this positive cash flow property offers a prime location, extensive features, and significant growth potential. This property is an excellent owner/user investment, offering redevelopment opportunities or expansion options to suit your future growth.

Located on busy West Main Street, Route 149, approximately half a mile from Route 202 and Route 9. Conveniently situated twenty five minutes from Keene and twenty minutes south to Peterborough or toward I 89. A new eighty four unit workforce housing development just across the street supports strong access to potential employees.

The seller and/or agent make no representation as to the accuracy of the square footage. Buyer responsible for their own due diligence.

The seller and/or agent make no representation as to the accuracy of the square footage. Buyer responsible for their own due diligence.

Please call Krissy LaPorte at 603-303-9542 or email [email protected] to set up a private tour and request Offering Memorandum.

Investment highlights

45,000 - 70,519 SF of Industrial/Flex/R&D Space

12 Versatile Units for Flexible Business Use

Combination of Private Office Space and Open Operations Space

Zoned COMM-WS for Diverse Commercial Opportunities

Prime Location in Hillsborough Area

586 Feet of Frontage on W Main Street

Listing Contacts

KL
NH 069071, MA 9572112
KW Commercial
KW Commercial
Listed by KW Commercial

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$193,910.00
$16,159.17/mo

Valuation Metrics

0
DSCR
5.7%
Cap Rate
5.7%
ROI

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Additional Information

Name
Krissy LaPorte
License
069071
Brokerage
KW Commercial
Brokerage Phone
603-836-2700
Title
Commercial Broker
Brokerage Address
168 South River Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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