$549,999 Price Analysis 289 Milton RdRochester, NH 03868 Unknown bed 0 bath unknown SqFt ($0/SqFt) 1.4 acre lot. Listed 2023-06-07 | Ⓧ USDA Ineligible due to property near Rochester |
Two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment.
Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, youll appreciate the nice kitchen that is accompanied with the pleasing hardwood floors sen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with extraordinary views and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores and more. Both buildings need some TLC.
Presented by Andy Yau at
RE MAX Shoreline.
Property MLS #4956037 from PrimeMLS
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.