August 9, 2023 – William Peck of Horvath & Tremblay has arranged the sale of a 8-unit mixed-use property in Keene, New Hampshire. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $900,000.
The mixed-use property is located at 10-12 Vernon Street in Keene, New Hampshire. 10-12 Vernon Street is an attractive three-story brick mixed-use building located in the center of Downtown Keene. The Property contains eight (8) units consisting of two (2) 2-Bedroom/1-Bathroom units, two (2) 1-Bedroom/1-Bathroom units, two (2) studio units, and two (2) commercial units leased to Nails by Liz and Centerfold Laundry. The building is situated on a 0.05-acre parcel and has on-site laundry facilities. 10-12 Vernon Street is positioned at the intersection of Vernon Street and Elm Street and is less than 100 feet from Washington Street, one of the primary streets traversing Downtown Keene. The Property is 1-mile from NH Routes 9 & 10 and 1.4-miles from the Dartmouth-Hitchcock Keene Hospital. Keene is the regional center for commerce, employment, and entertainment. Keene is home to Keene State College and several large commercial centers including Monadnock Marketplace (Home Depot, Target, Price Chopper & Dicks Sporting Goods), the Key Road Shopping Center (TJ Maxx, Keene Cinemas, Dollar Tree and Staples), West Street Shopping Center (Hannaford and Maurices), and the Walmart anchored Shopping Center (Walmart, Home Goods, Sierra and Harbor Freight).
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.