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Courtesy of Amanda Blevens of Bean Group / Peterborough.

3 School Street

Hillsborough, NH 03244
  • $525,000
  • STATUS: Active
  • ON SITE: 107 Days
  • MLS #: 4897714
UPDATED: 27 min ago
$525,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,302
    SQFT
  • $39
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

HUGE commercial building in the heart of Downtown Hillsborough offers great potential for investors & entrepreneurs! Street-level has 5 units (3 lg./2 sm. - printing company in one) and basement level has 4 units (3 occupied - salon, barber shop, & management company), as well as an impressive and usable brick/stone cellar that's great for storage & a separate lg. storage space that goes w/ Unit C. Most units have their own 1/2 baths. On the top floor are 2 large 1-bedroom apartments w/ electric heat (not currently rentable due to upgrades being required to meet building/fire codes), a huge storage space & an attic annex for Unit A. Buyers to do their own due diligence in regards to what it would take to get the apartments/top floor rentable. An upgrade to the heating system that services the street and basement level units, including a new boiler and a new masonry chimney, was completed in the fall of 2021 at a cost of $57,000, w/ metering in place to allow for a future owner to have the tenants pay their own heat, which is currently paid by the owner. Projected yearly gross income if the 9 current street/basement units are fully rented is $82,800 based on current and past rental amounts (some are under market), w/ potential to increase this figure if a future owner chooses to pursue doing what it takes to get the top floor units rentable! Lots of on-street parking and several municipal lots within 1 block of this building. Great income potential here...check it out!

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© Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-05-29T08:05:32.43.
www.signaturepropertiesvt.com/homes/125600687
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3 School Street Hillsborough, NH 03244

  • Price: $525,000
  • Status: Active
  • On Site: 107 Days
  • Updated: 27 min ago
  • MLS #: 4897714
0
Beds
0
Baths
0
½ Baths
0.3
Acres
13,302
SQFT
$39
$/SQFT
1900
Built
Neighborhood:
Hillsborough
County:
Hillsborough
Area:
Hillsborough
Property Description
HUGE commercial building in the heart of Downtown Hillsborough offers great potential for investors & entrepreneurs! Street-level has 5 units (3 lg./2 sm. - printing company in one) and basement level has 4 units (3 occupied - salon, barber shop, & management company), as well as an impressive and usable brick/stone cellar that's great for storage & a separate lg. storage space that goes w/ Unit C. Most units have their own 1/2 baths. On the top floor are 2 large 1-bedroom apartments w/ electric heat (not currently rentable due to upgrades being required to meet building/fire codes), a huge storage space & an attic annex for Unit A. Buyers to do their own due diligence in regards to what it would take to get the apartments/top floor rentable. An upgrade to the heating system that services the street and basement level units, including a new boiler and a new masonry chimney, was completed in the fall of 2021 at a cost of $57,000, w/ metering in place to allow for a future owner to have the tenants pay their own heat, which is currently paid by the owner. Projected yearly gross income if the 9 current street/basement units are fully rented is $82,800 based on current and past rental amounts (some are under market), w/ potential to increase this figure if a future owner chooses to pursue doing what it takes to get the top floor units rentable! Lots of on-street parking and several municipal lots within 1 block of this building. Great income potential here...check it out!
Exterior Features

Construction Wood Frame Exterior Vinyl Siding Lot Description CornerNeighbor BusinessSidewalksStreet Lights Parking On StreetOther Road Frontage Yes Road Frontage Length 247 Roof Shingle

Interior Features

Basement Yes Basement Access Type Walkout Basement Description Concrete FloorFullPartially FinishedStorage SpaceWalkout Cooling OtherWall Ac Units Foundation BrickStone Heating BaseboardElectricHot Water

Property Features

Covenants Unknown Heat Fuel ElectricOil Pre Construction No Sale Includes Land/Building Seasonal No Sewer Public Sub Property Type InvestmentOfficeOpportunityRetail Sub Property Type Use Office BuildingOtherStorefront Tax Gross Amount 13760.14 Tax Year 2021 Taxes Tbd No Utilities Internet - Cable Water Public Zoning Central Business

Courtesy of Amanda Blevens of Bean Group / Peterborough: 800-450-7784.


© Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-05-29T08:05:32.43.
 
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Signature Properties of Vermont
1 Towne Marketplace Suite 18
Essex Junction VT, 05452