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Listed by Margaret Duba • RE/MAX Innovative Granite Group
$ 899,000
Est. payment /mo
Active
115 Lake ST Bristol, NH 03222
0.57 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5029130
Year Built 1984
Annual Tax Amount $7,570
Tax Year 2023
Lot Size 0.570 Acres
Acres 0.57
Property Sub-Type Investment
Property Description
Prime Investment Opportunity in Bristol's Growing Lake Community Seize the chance to own a commercial building and .57-acre lot in a high-visibility location with strong traffic counts. This property is currently leased to a thriving, long-standing commercial tenant, a mainstay of the community, on a 4-year lease. It also features an ample paved parking lot for convenience and accessibility. With the tenant covering all taxes, insurance, and utilities, this is a hands-off investment offering an 8% return, making it an ideal choice for a 1031 tax exchange. Investors can enjoy immediate passive income, while those looking to start their own business have four years to prepare in this up-and-coming lake community. A full basement provides additional space for storage, office use, or walk-in access, adding even more value to this investment. Don't miss out on this turnkey investment in a thriving location! Current tenant has right of first refusal for all offers.
Location
State NH
County Nh-grafton
Area Nh-Grafton
Zoning Village Commercial
Rooms
Basement Entrance Interior
Basement Concrete, Full, Stairs - Interior, Storage Space
Interior
Inclusions Land/Building, Other
Exterior
Parking Features Parking Spaces 11 - 20, Paved
Garage Description Parking Spaces 11 - 20, Paved
Utilities Available Cable - Available
Building
Sewer Public
