207/209 Main Street New London, NH
$1,500,000
Acres 0.76
Description
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. SELLER IS OFFERING CONSIDERABLE CONCESSIONS FOR A CLOSING NO LATER THAN 28 FEBRUARY 2025!
Listed by Real Property Options, Alan Croteau
Details
MLS 5005799
Price $1,500,000
Status Active
DOM 147 days
Type Commercial
Lot Size 0.76 acres
Year Built 1890
Taxes Paid $13,512
Lot & Building Features
Utilities Cable, Multi Phone Lines, Gas - LP/Bottle
Construction Clapboard Exterior, Wood Frame, Wood Exterior, Stone Exterior, Post and Beam
Cooling Central AC
Heating Forced Air, Propane
Parking Description Off Street, Unassigned, Paved, Parking Spaces 21+, On-Site, On Street
Sewer Public
Tax Year 2024
Taxes Paid $13,512
Water Metered, Public
Basement Description Concrete, Unfinished, Sump Pump, Storage Space, Stairs - Exterior, Partial, Dirt Floor, Concrete Floor
Foundation Concrete, Stone
Lot Description Curbing, Street Lights, Sidewalks, Neighbor Business, Near Shopping, Near Hospital, Major Road Frontage, Level, Landscaped, In Town
Roof Metal, Shingle - Architectural
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.