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Prime Mixed-Use Property 6.93% CAP 188 W Main St
12,622 SF 84% Leased Retail Building Hillsborough, NH 03244 $700,000 ($55/SF) 6.93% Cap Rate
Investment Highlights
- Opportunity for Vacant Land Development
- 5 Street-level Commercial Spaces
- Strong Traffic Flow / Excellent Visibility
- Extra Revenue Potential on Leasing and Parking
- 2 Apartments on Second Level
- Public Water and Sewer
Executive Summary
Situated in a prime location with strong traffic flow and close proximity to the Osram Sylvania factory, retail and food establishments, financial institutions, building supply stores, etc., this property presents an excellent investment opportunity. Unlock extra revenue potential by leasing parking spaces or exploring the possibility of developing the vacant land. 8" water main exists to the back of the property.
Key advantages in place, including land in rear, access to water, and preexisting use rights if expanding the laundromat are a consideration. Additionally, a new wash & fold work area has been created, and a transaction window has been installed to support additional retail opportunities. Two new washers have also just been installed to enhance service capacity.
Located diagonally across from what will be the newly constructed 84 unit workforce housing development known as Hillsborough Heights Apartments.
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
Amenities
- Security System
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located at 188 W Main Street in Hillsborough, NH, this market space for lease offers an exceptional opportunity. Just across the street from the soon-to-be-completed Hillsborough Heights Apartments, a workforce housing complex, with Phase 1 consisting of 42 units set to finish in October 2024, this property promises a steady flow of potential customers. This space boasts exclusive use of a loading dock, control, and maintenance of signage, and comes equipped with a 10 x 10 walk-in cooler with commercial doors and retail shelving, multiple stand-alone coolers, security cameras, counters, and shelving. Additionally, it meets state requirements with a 3-bay sink, hand sink, and utility sink. All coolers, including the open top refrigerated grab and go sandwich and cheese table, are in good working order. This property is ideal for businesses looking to tap into a growing community with excellent amenities to support retail operations. The tenant is responsible for their electricity, while the landlord covers water, sewer, heat and property taxes.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,989 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 1,989 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 1,989 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Located at 188 W Main Street in Hillsborough, NH, this market space for lease offers an exceptional opportunity. Just across the street from the soon-to-be-completed Hillsborough Heights Apartments, a workforce housing complex, with Phase 1 consisting of 42 units set to finish in October 2024, this property promises a steady flow of potential customers. This space boasts exclusive use of a loading dock, control, and maintenance of signage, and comes equipped with a 10 x 10 walk-in cooler with commercial doors and retail shelving, multiple stand-alone coolers, security cameras, counters, and shelving. Additionally, it meets state requirements with a 3-bay sink, hand sink, and utility sink. All coolers, including the open top refrigerated grab and go sandwich and cheese table, are in good working order. This property is ideal for businesses looking to tap into a growing community with excellent amenities to support retail operations. The tenant is responsible for their electricity, while the landlord covers water, sewer, heat and property taxes.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | HLBO-000011P-000340 | Improvements Assessment | $229,400 |
| Land Assessment | $124,100 | Total Assessment | $353,500 |
PROPERTY TAXES
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Prime Mixed-Use Property 6.93% CAP | 188 W Main St
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