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Listed by Casey Purinton • BHHS Verani Londonderry • Phone: 603-397-8246
$529,900
Est. payment /mo
0.63 Acres Lot
Under Contract
7 Church ST Deerfield, NH 03307
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UPDATED:
11/23/2024 12:47 AM
Key Details
Property Type Commercial
Sub Type Multi-Family,Office
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 5016231
Year Built 1882
Annual Tax Amount $9,980
Tax Year 2024
Lot Size 0.630 Acres
Acres 0.63
Property 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.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning AR AGR/RES
Rooms
Basement Entrance Walk-up
Basement Bulkhead
Interior
Inclusions Land/Building
Exterior
Utilities Available Cable, Gas - LP/Bottle
Building
Sewer Private
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