Property Features

• Existing Commercial Space,  30,000sf fully occupied
• Retail Space & Warehouse Storage Space
• ZBA Density Approval for 16 Residential Units, while retaining most of the commercial space
• Access to Route 125, less than 200yds away
• Price: Currently Off Market
  
• MLS Listing: Currently Off Market

Epping, NH  - Commercial w/ Residential Dev. Potential

Map and Directions

The property is located right at 75 Railroad Avenue - the second building on the right (long brick and tan metal-sided building) to the west of Main Street. To get here:

If traveling north on Route 125, take the left at the lights next to Walgreens onto Main Street and after .2 miles take a left onto Railroad Ave; the building will be on the right in 200ft.
If traveling south on Route 125, turn right onto Railroad Ave at Aroma Joe's after the intersection with Route 27. Immediately cross over Main Street; the building will be on the right in 200ft.

This is the Old Shoe Mill commercial complex that already features great tenants.  Current tenants include DG Cycle Sports, Bikram Yoga Epping, and Epping Crossfit. Other neighbors include: Holy Grail Tavern, Walgreens, Starbucks, Federal Cigar, Cumberland Farms, and Aroma Joe's Cafe. Unitil planning to install natural gas along Railroad Ave in 2021. Almost 99% occupancy based on 4yr sq ft #'s, great mix of tenants, close proximity to major commuting routes. 11 minutes from Amtrak Terminal. Building is fully sprinkled, majority of existing tenants pay their own water usage, electrical consumption, heat, trash and snow plowing. Building is an old shoe mill, Phase I & II environmental study analysis 2006 on file, Broker/Family Interest: over the years we have upgraded certain parts of the building to create a small business community. The next phase of the evolution of this property could be the construction of several duplexes. the town approved the density criteria of 16 residential units. The next owner may want to build a small 16 apartment building creating another stream of rental income in conjunction with some of the existing commercial building. The existing building consists of 13 Units. Contract rent 157K w/37K of expenses. The conceptual plan we have designed for the redevelopment of the property isolates the new residential duplexes via a ROW on an abutting property & keeping business traffic separated from residential. The new residents can walk to the post office or starbuck or hit the recreational trail for a hike or snowmobile ride.