Vermont and New Hampshire Real Estate

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56-58 Main Street

Raymond, New Hampshire 03077

$355,000

MLS# 4423714

Andrew Ward

Listed by Colliers International

About this property

A well maintained office and apartment building in a downtown Main Street location, walking distance to all services including retail, restaurants, banking and Town Hall . The property consists of two adjoined buildings with a total of 4,510+/- SF of office and apartment space and a 6 space private parking lot. 56 Main Street is a two story building with 1,696+/- SF of office space on the first floor and 3 apartment units (1,392+/- SF) on the second floor. 58 Main Street is a single story building with 1,422+/- SF of finished office space comprised of office rooms which are leased individually. 100% occupied with month-to-month tenants except for the 56 Main St. office tenant which has a short term lease. The projected 2015 rental income is $49,800, the net operating expenses and utility cost (landlord pays utilities) is $27,879 which yields a cap rate of 7.9% based on list price.

 

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