7 Church Street Deerfield NH Commercial For Sale $529900

List Price: $529,900 | $121 per sq.ft. Commercial
Space type
Price Change! Reduced by $59,600 down 11% on November 12th 2024
Listed Thursday Sep 26, 2024 | MLS# 5016231

Listing Agent Casey Purinton, BHHS Verani Londonderry. To see this Listing:

Call 802-295-1355

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Description:

The Deerfield Business Center is a 4,369 +/- SF mixed-use office and residential building located in the heart of Deerfield, NH, just off Routes 43 and 107. Originally a church and then a community center, the building now comprises 6 office units and 2 residential units. Five office units are located on the first floor, and one in the tower. The seller used one of the units as a personal office but has recently moved leaving one of the office units vacant. The second level has two renovated 1-bedroom apartments, complete with hardwood flooring, vaulted ceilings, and stone countertops. The building has five bathrooms (2 full and 3 quarter baths). The commercial tenants have shared common area space with restrooms and kitchenette. The first floor is radiant heating, while the upper floors are a combination of FHA, Mini Split, and electric baseboard heating. Gross rents currently total $57,780.00, with a net operating income (NOI) of $36,224.00. The pro forma gross income is estimated at $74,280 with the vacant unit leased. Valued on 9.9% CAP rate from proforma NOI. There is ample parking available in the paved lot, along with coin-operated laundry and the majority of the building is sprinklered.
Building Type : Multi-Family | Office

Sale Includes : Land/Building

Features:

Signage: Adequate

Income
Net Income| 36224
Gross Income| 57780
Management Expense: $0
Insurance Expense : $0

Propery Information:

Construction Information:
Year Built: 1882
Price Per SQ.FT. 121.29 No. of Units: 7
Building Size : 4369
Building Type: Multi-Family | Office

Exterior

InteriorBasement: Bulkhead
Sprinkler: Wet.

Land Information

Lot size: 0.63 acres
Zoned: AR AGR/RES
Road Frontage: 190
Road Frontage: 190
No. of Docks | 0.

Additional Information

Taxes $9,980
Assesed Value Not Reported

Schools

565 Maple Street, White River Junction, Vermont. 05001 802-295-1355
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PLEASE NOTE: Both New Hampshire and Vermont law require brokers and agents to disclose at the “time of first business meeting, prior to any discussion of confidential information”, in New Hampshire’s case, and “first reasonable opportunity”, in Vermont’s case, the nature of the relationships brokers have or may have with customers and clients. Each state requires that a disclosure form be presented to consumers for their review and acknowledgment at the appropriate time. These forms can be accessed here:
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