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Two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage wth 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 allo w 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 seen 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 tremendous 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.

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on 289 Milton Rd
in Rochester, NH
Presented by Andy Yau at
RE MAX Shoreline.


Property MLS #4956037 from PrimeMLS

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+ Exterior and Lot Features

Frontage Length: 620
Road Frontage Type: Yes
Roads: Paved, Public

+ Land Info

Lot Size Acres: 1.4
Lot Size Square Feet: 60984

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Other Property Info

Source Listing Status: Under Contract
County: NH-Strafford
Source Property Type: Land
Zoning: HC
Source System Name: C2C
+ Reveal Property Sale History

Listing removed 2023-07-24
$0
TurboTenant

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Listed for rent 2023-07-06
$2,600
TurboTenant

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Price Changed 2023-06-15
$549,999
PrimeMLS

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Listed 2023-06-07
$550,000
PrimeMLS

+ Utilities

Electric: 100 Amp
Sewer: Private
Cable - Available
Phone
Water Source: Drilled Well

+ Display Complete School Details

Spaulding High School is a public high school located approximately 4.3 miles away.
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Rochester Middle School is a public middle school located approximately 5.7 miles away.
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Nancy Loud School is a public elementary school located approximately 3.9 miles away.
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Monarch School Of New England is a private elementary, middle and high school located approximately 4.4 miles away.
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