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48 Concord Road, LEE, NH 03861

$255,376+/Acre

Commercial property for sale

Added: 07/06/2011
Last Update: 07/02/2012
48 Concord Road LEE, NH 03861 US
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Contact info

  • 603-668-7000 x220 [Office] 

Description

One of the most strategic retail sites in the NH Seacoast Region. Land that contains Mobil On the Run(gas/convenience with car wash) facility and excess developable land located on both Rt. 125 and Rt. 4. High Visibility and high volume operation with additional pad site. Asking Sale Price: $1.9 M - full property. Current income: +/- $80,000/yr on Mobil portion until 2016. Deal structure: $1 Million at closing (initial 8% yield ) Payment balance: Seller financed $900,000 mortgage note accruing at 6% per year for 6 years. Balloon payment 2016. Building price details: $1,900,000.

Property Details

  • Type: Land
  • Use Types:Retail-Commercial, Business Opportunity
  • Status: Available
  • Lot Size: 7.440 Acres
  • MSA: Boston-Cambridge-Quincy
  • Zoning: Commercial

Terms

  • Other 

Map Locations