Price Reduced 10.11%

Listing courtesy of Casey Purinton, BHHS Verani Londonderry Phone: 603-397-8246


Price History

$589,500
9/26/2024

$569,500
10/17/2024

$529,900
11/12/2024


7 Church Street, Deerfield, NH, 03307

7 Church Street, Deerfield, NH, 03307

1882

The Deerfield Business Center is a 4,369 +/- SF mixed-use office and residential building located in the heart of Deerfield, NH, just off Routes 43 and 107. Originally a church and then a community center, the building now comprises 6 office units and 2 residential units. Five office units are located on the first floor, and one in the tower. The seller used one of the units as a personal office but has recently moved leaving one of the office units vacant. The second level has two renovated 1-bedroom apartments, complete with hardwood flooring, vaulted ceilings, and stone countertops. The building has five bathrooms (2 full and 3 quarter baths). The commercial tenants have shared common area space with restrooms and kitchenette. The first floor is radiant heating, while the upper floors are a combination of FHA, Mini Split, and electric baseboard heating. Gross rents currently total $57,780.00, with a net operating income (NOI) of $36,224.00. The pro forma gross income is estimated at $74,280 with the vacant unit leased. Valued on 9.9% CAP rate from proforma NOI. There is ample parking available in the paved lot, along with coin-operated laundry and the majority of the building is sprinklered.


Status:

Active

Type:

Commercial

Units:

7

Zoning:

AR AGR/RES

Frontage:

190

Heating:

Baseboard, Forced Air, Radiant Floor, Mini Split

Acreage:

0.63

Est. Taxes:

$9,980

MLS #:

5016231


Community Info

School Info

Walk Score

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