207/209 Main St, New London, NH 03257

Property Description

Welcome to quaint New London - home of Colby Sawyer College. This prime investment property, the Chowanski Plaza, has a prominent eatery with Tucker's Restaurant already leasing one of seven commercial spaces along with many other successful businesses. With plenty of vehicle and foot traffic, any business wanting exposure to enhance their profitability will surely gain success here. The main building has seven free standing spaces. A second detached building offers a mixture of either retail, service and office accommodations. With recent renovations, and being well maintained, it is undoubtedly a distinguished commercial location. The property contains 39 on-site parking spaces and has 4 curbside ones out front. Within walking distance to Colby Sawyer College, New London Barn Playhouse, and many other attractions, Chowanski Plaza has so many opportunities to afford a future owner. As of 01 April 2025, the entire property will be 100% occupied; with a 7.82% cap rate at the offered price!! This may fit well for a 1031 exchange buyer. SELLER IS OFFERING CONSIDERABLE CONCESSIONS FOR A CLOSING NO LATER THAN 31 MAY 2025! SELLERS' CONCESSIONS AT CLOSING AND MANAGEMENT FEES PREPAID FOR THE FIRST YEAR OF OWNERSHIP.