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45,000+/- SF Commercial Property 7.46% CAP 166 W Main St

45,000 SF Flex Building Hillsborough, NH 03244 $3,400,000 ($76/SF) 7.46% Cap Rate

Investment Highlights

  • 45,000 - 70,519 SF of Industrial/Flex/R&D Space
  • Built in 1966, Renovated in 1988
  • Prime Location in Hillsborough Area
  • 11 Versatile Units for Flexible Business Use
  • Zoned COMM-WS for Diverse Commercial Opportunities
  • 586' Frontage on W Main Street

Executive Summary

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. Recent installations include a 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 with multiple configurations are available to suit your administrative needs.
This property is ideal for an automotive dealership or service center, equipment sales and service, retail showroom and warehouse, light manufacturing or assembly facility, distribution center or logistics hub, service and parts center, garden center or outdoor retailer, or commercial business incubator.
Fully equipped and ready to meet your business needs, this 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.
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 krissylaporte@kw.com to set up a private tour and request Offering Memorandum.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,400,000
Price Per SF $76
Sale Type Investment
Cap Rate 7.46%
Property Type Flex
Property Subtype
Showroom
  • Flex Research & Development
  • Showroom
Building Class B
Lot Size 4.80 AC
Rentable Building Area 45,000 SF
No. Stories 2
Year Built/Renovated 1966/1988
Parking Ratio 5.49/1,000 SF

Utilities

  • Lighting
  • Gas
  • Water - City
  • Sewer - City
  • Heating - Electric

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 4,000 SF
  • Flex
  • Full Build-Out
  • Now

The showroom features an open layout with private offices, a bathroom, and parking directly in front of and on the side of the building, as well as 24 spots adjacent to W Main Street for display or additional tenant needs, offering excellent visibility from the street and within the showroom. The expansive space is ideal for displaying products such as cars, boats, motorsports equipment, flooring displays, furniture, appliances, and electronics. Private offices provide ample space for administrative work and client meetings. The property offers generous parking. With excellent visibility, high traffic count, and easy accessibility, the showroom attracts a steady stream of potential customers. The flexible layout can be tailored to meet your business needs, whether for open display areas, office space, or a combination of both. Its central location ensures foot and vehicle traffic, increasing exposure and business opportunities. Additional adjoining space will be available soon, offering great storage for parts and equipment, an overhead door, and separate access. Please contact Krissy LaPorte at 603.303.9542 or krissylaporte@kw.com to schedule a tour.

Space Size Space Use Condition Available
1st Floor 4,000 SF Flex Full Build-Out Now

1st Floor

Size
4,000 SF
Space Use
Flex
Condition
Full Build-Out
Available
Now

1st Floor

Size 4,000 SF
Space Use Flex
Condition Full Build-Out
Available Now

The showroom features an open layout with private offices, a bathroom, and parking directly in front of and on the side of the building, as well as 24 spots adjacent to W Main Street for display or additional tenant needs, offering excellent visibility from the street and within the showroom. The expansive space is ideal for displaying products such as cars, boats, motorsports equipment, flooring displays, furniture, appliances, and electronics. Private offices provide ample space for administrative work and client meetings. The property offers generous parking. With excellent visibility, high traffic count, and easy accessibility, the showroom attracts a steady stream of potential customers. The flexible layout can be tailored to meet your business needs, whether for open display areas, office space, or a combination of both. Its central location ensures foot and vehicle traffic, increasing exposure and business opportunities. Additional adjoining space will be available soon, offering great storage for parts and equipment, an overhead door, and separate access. Please contact Krissy LaPorte at 603.303.9542 or krissylaporte@kw.com to schedule a tour.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
HLBO-000011P-000341
Land Assessment
$274,900
Improvements Assessment
$237,100
Total Assessment
$512,000

zoning

Zoning Code COMM-WS (Commercial Zoning)
COMM-WS (Commercial Zoning)
  • Listing ID: 33579326

  • Date on Market: 10/20/2024

  • Last Updated:

  • Address: 166 W Main St, Hillsborough, NH 03244

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