Chowanski Square | 207-209 Main St
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Chowanski Square 207-209 Main St
9,729 SF 60% Leased Retail Building New London, NH 03257 $1,800,000 ($185/SF) 8.39% Cap Rate
Investment Highlights
- The main building has seven free standing spaces.
- The property contains 39 on-site parking spaces and has 4 curbside ones out front.
- A second detached building offers a mixture of either retail, service and office accommodations.
Executive Summary
Welcome to quaint New London - home of Colby Sawyer College. This prime investment property, the Chowanski Plaza, has a prominent eatery with Tucker's Restaurant already leasing one of seven commercial spaces along with many other successful businesses. With plenty of vehicle and foot traffic, any business wanting exposure to enhance their profitability will surely gain success here. The main building has seven free standing spaces. A second detached building offers a mixture of either retail, service and office accommodations. With recent renovations, and being well maintained, it is undoubtedly a distinguished commercial location. The property contains 39 on-site parking spaces and has 4 curbside ones out front. Within walking distance to Colby Sawyer College, New London Barn Playhouse, and many other attractions, Chowanski Plaza has so many opportunities to afford a future owner. This may fit well for a 1031 exchange buyer.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,729 SF
Building Class
A
Year Built
1890
Price
$1,800,000
Price Per SF
$185
Cap Rate
8.39%
NOI
$150,948
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
0.73 AC
Zoning
C - Commercial Zoning
Parking
40 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
130 FT on Main Street
Amenities
- Fireplace
- Restaurant
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,029,900 | |
| Land Assessment | $543,300 | Total Assessment | $1,573,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$543,300
Improvements Assessment
$1,029,900
Total Assessment
$1,573,200
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Chowanski Square | 207-209 Main St
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