Third Street Exchange - Mixed Use Building for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30705767
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Building Size (RSF): 40,280 SF
Gross Building Area: See Agent
Gross Land Area: 0.77 Acres
Sale Price: $2,500,000
Unit Price: $62.07 PSF
Property Use Type: Investment
Building Name: Third Street Exchange
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/13/2021

Overview / Comments

The Third Street Exchange is both an investment opportunity. The Property is mostly occupied and provides a considerable income stream available upon signing a Confidentiality Agreement. Approvals are in place for converting the existing second floor spaces into nine 1-Bedroom units and one 2-Bedroom unit, with sizes ranging from 650 +/- SF to 1,148 +/- SF. Approvals were granted on January 29, 2020 and are valid for 5 years from that date.

Walking distance to Amtrak Downeaster, Dover Transportation Center.

Tenants include: Sewing Tree, Earth Harmony Wellness, Tri-Star Gymnastics, The June Cork Pub, Wrong Brain (Artists and More), K9 to 5 Dog Services, Musical Arts of Dover, and Dunlap Acounting


Finance Data Year 2021
Real Estate Taxes - Annual($) $46,879 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 31007-000000
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Highway Access: From I-95, take Spaulding Turnpike North to NH-16 to Dover. Take Exit 7 and turn left onto Central Ave; turn right on Locust St.; left onto Chestnut St., left onto Third St.
Area Description: Within walking distance of Downtown Dover.
Tenancy: Multiple Tenants
Number of Stories: 3
Property Condition: Good
Year Built: 1930
Roof Type: Flat
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 24
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 290
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,252 30,537 65,794
Median Age: 33.21 36.53 35.15
Households: 4,746 12,983 24,568


The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.