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    49 Market St Somersworth, NH 03878

    For Sale
    $675,000

    Historic Church, Updated Function Hall, 9,444 sq ft

    Property size:
    9,444 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 9,444 square foot former church, located at 49 Market Street in the heart of Somersworth, NH, presents a unique investment opportunity. Completely renovated and in excellent condition, the property boasts significant updates including a new electrical system, updated HVAC, ADA-compliant bathrooms, and a fully equipped commercial kitchen. Currently operating as a successful function hall, "The Hall at Great Falls," it's approved for occupancy of 300 people and has a food service license and state-approved liquor license. The first floor features a large commercial kitchen, a versatile meeting/function space, and ample restroom facilities. The second floor offers a spacious, three-story open function area with beautiful wood floors, large windows, a stage, a bar, and two bathrooms. The third floor includes a balcony and two private rooms. The building also includes a fire sprinkler system for safety. While the property itself has two parking spaces on its 0.29-acre lot, the city permits street parking and the use of nearby GE parking for events. This versatile property is ideal for a variety of uses, offering significant potential for continued success as an event venue or for adaptive reuse. Its central location and extensive recent upgrades make it a truly remarkable opportunity.

    Property Features for 49 Market St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,444 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1828
    Property Profile Location Intelligence

    Current Use by Public Records

    Hall at Great Falls Event Venue New Frontiers Church Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somersworth
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.86443
    Latitude
    43.26401

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Church, Updated Function Hall, 9,444 sq ft
    Where is this commercial real estate located?
    The property is located at 49 Market St Somersworth, NH.
    What is the asking price?
    The asking price for this property is $675,000.
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    49 Market St Somersworth, NH 03878
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    49 Market St Somersworth, NH 03878
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