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235 Union Ave

Laconia, NH
Floors
1
Total Size
2,697 sqft
Zoning
COMMERCIAL
Year Constructed
1930
Year Renovated
0
Building Class

About 235 Union Ave

Property has a 10.5% Cap Rate right away. 2 unit Multi family home with an additional 965 Sq.Ft. commercial store front. Living area of the two apartments is 1,732 SF and the storefront is currently being leased to the popular Goody Good Donuts Shop. The first floor apartment has a long term tenant. Second floor apartment is being renovated as part of an ongoing upgrade. Ideal location for retail shop, cafe, small restaurant. Across from CVS drug store, and within walking distance of many other residential homes and commercial establishments. Many updates to both apartment and retail space, including new roof and steps. Owner is a licensed real estate agent in the State of NH. - Number of buildings: 2 - Building condition: Good

Internet Providers for 235 Union Ave

Provider Technology Max Download Speed Max Upload Speed
Freedom Ring Communications DSL
50 Mb/s
50 Mb/s
G4 Communications DSL
25 Mb/s
1.5 Mb/s
MetroCast Cable
25 Mb/s
1.5 Mb/s
FairPoint Communications, Inc. DSL
1.5 Mb/s
768 kbps

The City: Laconia

On average, listings lease in the $20's per square foot per year. The Laconia submarket is going through a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 20% decline in rent.

Compared to the rest of the Greater Boston market, the Laconia submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.

Median Rate Median Size
Laconia $22
/sqft/yr
1,900
sqft
Median Rate Median Size
Greater Boston $24
/sqft/yr
3,600
sqft

Median Rate over Time in Laconia