326 Route 87

About Property

Historically known as the "Landmark Building" in the charming town of Columbia, this retail/ Office building is beautifully located at the signaled intersection of Route 87 and Route 66. This Bucolic location brings serene surroundings, plenty of parking, and additional land for future opportunities with endless Economic Development potential. Whether you're a user for your small business or an investor considering expansion, this Columbia gem is the perfect fit. Don't miss your chance to own a slice of classic New England charm! Stable tenant mix, with renewals, and 'M' zone allows professional, retail, and personal service uses. BRAND NEW HEATING SYSTEM low CAP x. Gross Rent: $66,900 (incl. $65,100 rent roll + $1,800 other income) Expenses: $8,700 NOI: $58,200 Pro Forma (Fully Leased Market Performance) Stabilized Rent: $99,900 NOI: $91,200 17,000+ cars per day based on 2020 traffic counts. **NEW EV CHARGERS ON SITE.
Listed by Berkshire Hathaway NE Prop., Robyn Letourneau. Data sourced from SmartMLS