250-252 Calef Hwy 2,450 SF 100% Leased Flex Building Epping, NH 03042 $649,000 ($264.90/SF) 8.62% Cap Rate

This commercial property at 250-252 Calef Highway in Epping, New Hampshire, presents a diversified and stable investment opportunity with significant potential for future development. Located on a 1.1-acre lot along a high-traffic corridor with an average of 25,000 to 30,000 cars per day, the property offers exceptional visibility and accessibility for all tenants. Newly paved parking lot . Updated buildings. Town Sewer- Private Well
The property is currently generating a steady monthly income of $5,550 from four separate buildings and a food truck pad, with a mix of reliable tenants. This multi-tenant structure mitigates risk and provides a consistent cash flow.
The four buildings on the property include:
700 sq. ft. Vape Store: A well-located retail space with a high-visibility storefront.
400 sq. ft. Barber Shop: A compact and efficient service-based business with an established clientele.
600 sq. ft. Garage & 750 sq. ft. Garage: These two versatile garage spaces are ideal for various business needs, including:
Storage: The spaces can be used for secure storage of business inventory, equipment, or documents, helping businesses free up their primary operational space.
Commercial Vehicle Parking: Businesses with small fleets, such as landscapers, contractors, or delivery services, can use these garages for safe, protected parking. This is a highly sought-after use, as it protects valuable assets from weather and theft, and ensures compliance with local parking regulations.
Other Flexible Uses: The garages could also be converted into a workshop, a small office space, or an indoor studio, subject to zoning and regulations.
The property also includes a food truck pad, diversifying the income stream and catering to the popular mobile food market.
A key feature of this property is the open lot, which offers a wealth of opportunity for an owner or investor. This undeveloped land can be used for:
Expansion: The lot provides ample space to construct additional buildings, further increasing the total rentable square footage and monthly income.
Outdoor Storage/Parking: The open area can be used for additional vehicle or equipment storage, particularly for larger commercial vehicles or seasonal assets, providing an additional revenue stream.
Future Development: The lot's prime location and size allow for a wide range of potential future uses, including new retail spaces, offices, or other commercial ventures that can capitalize on the high traffic flow.
With a strong and diversified income, established tenants, and significant potential for expansion and value-add opportunities, 250-252 Calef Highway is a compelling investment in a highly trafficked and growing Epping, NH market.