Commercial for Sale: 1 Franklin Street, Exeter, NH 03833 SOLD

$3,400,000
$3,400,000
1 Franklin Street, Exeter, NH 03833 SOLD
$3,400,000
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Selling Price: $3,400,000
Original List Price: $4,500,000
Sold at 75.6% of list price
Sold Date: 06/13/2022

Type Commercial
Lot Size 0.64 acres
Year Built 2018

City Exeter
County Rockingham

MLS 4889166
Status Closed
DOM 118 days
1 Franklin Street is a legacy, one-of-a-kind mixed-use building covering 14,006 SF located in the heart of historic Exeter, New Hampshire. The property’s ground floor features a high-end commercial space designed in 2018 as a private dining and social club with a commercial kitchen, dining room and bar, living room, library, private dining, and office. Enjoy extensive outdoor gathering spaces that include covered patios, porches, fire pits, and gardens. 1 Franklin Street’s second floor is dedicated to three fully leased luxury residential apartments. The property also boasts 31 coveted parking spaces in a central downtown block. This is an unparalleled opportunity for an owner-user, pairing the robust rental income from the three apartments with a myriad of possibilities for the ground floor commercial space.  Completely adaptable, explore potential opportunities such as a luxury boutique office space, exquisite event venue/restaurant, or commercial or residential condos. Additionally, the current building owner operates the exclusive catering and event company, Bungalow Club Events, which can also be sold with the property or continue as a tenant. The owner is open to selling the ground floor commercial space only – inquire for details. 1 Franklin Street is only steps away from Downtown Exeter’s finest restaurants, shops, inns, museums, and art galleries. Commercial ground floor space is available for $1,750,000. The 3 apartments as a package at $2.1m.

Lot & Building Features

Utilities Cable, Internet - Cable
Cooling Central AC
Heating Forced Air
Parking Description Assigned, Paved, Parking Spaces 21+, Other, On-Site, Leased
Sewer Public
Tax Year 2020
Foundation Concrete
Roof Other, Shingle

Price History of 1 Franklin Street

Date Name Price Difference
02/07/2022 Price Adjustment $3,400,000 24.44%
11/02/2021 Listing Price $4,500,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 1 Franklin Street, Exeter, NH

Location Map Street View
Photo of Jim Giampa
Jim Giampa
Manager / Broker
Direct: 603-235-5887
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Carey Giampa, LLC/Portsmouth, Nick Ponte & Jim Giampa 603-431-1100
Sold by The Boulos Company, Caitlin Burke
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PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Carey & Giampa Realtors

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/21/2024