June 10, 2022 – Will Peck, Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of a mixed-use property in Derry, New Hampshire. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,170,000.
The mixed-use property is located at 42 East Broadway in Derry, New Hampshire. The property is comprised of a two-story, brick, mixed-use building containing eight (8) units comprised of two (2) commercial units, five (5) 1-Bedroom/1-Bathroom units, and one (1) 2-Bedroom/1-Bathroom unit in 8,238 square feet of gross area on a 0.13-acre parcel. The Property is well-located at the intersection of E Broadway (NH Route 102) and Franklin Street in the heart of downtown Derry. The Property is adjacent to the intersection with Crystal Avenue (NH Route 28) and is walkable to numerous shopping, dining, drinking, shopping, cultural and entertainment amenities including Shaw’s, CVS, Rite Aid, Applebee’s, Panera, McDonald’s, Dunkin’, New England Sports Center, Tupelo Music Hall and several Brewing companies. The Property is located on E Broadway (NH Route 102) and is adjacent to NH Route 28. The Property is approximately 1-mile from Interstate 93 and offers convenient access to other primary highways including the Everett Turnpike (US Route 3) and Interstate 293. The area’s major employment centers (Manchester, Nashua, Lawrence and Haverhill) are a short drive away. Boston is approximately 45 minutes to the southeast.
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.