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    188 Main St Hillsborough, NH 03244

    For Sale
    $700,000

    7-Unit Multi-Family & Commercial Complex

    Property size:
    12,622 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity presents a thriving 12,622 square foot commercial property situated on a sizable 4.6-acre lot in Hillsborough, NH. The property features seven income-generating units, a compelling mix of both residential and commercial spaces. Two apartments and five street-level commercial spaces are currently leased, providing a consistent rental history and immediate cash flow. Each unit benefits from its own separately metered electrical panel, simplifying utility management and tenant billing. The property's prime location on West Main Street ensures high visibility and strong traffic flow. Its strategic proximity to major employers like the Osram Sylvania factory, coupled with its convenient access to a variety of retail, food, financial, and building supply establishments, guarantees a robust tenant pool and sustained demand. This translates to a secure and potentially lucrative investment. The expansive 4.6-acre lot offers significant potential for future development or the generation of additional revenue streams through the leasing of parking spaces. This well-maintained property represents a rare chance to acquire a diversified commercial portfolio with immediate income and substantial long-term growth potential in a desirable New Hampshire location. The asking price is $700,000.

    Property Features for 188 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,622 SF
    Lot Size
    200,376 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.90851
    Latitude
    43.11034

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    FAQs

    What type of property is this?
    Commercial real estate - 7-Unit Multi-Family & Commercial Complex
    Where is this commercial real estate located?
    The property is located at 188 Main St Hillsborough, NH.
    What is the asking price?
    The asking price for this property is $700,000.
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    188 Main St Hillsborough, NH 03244
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    Hillsborough, NH 03244
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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
    188 Main St Hillsborough, NH 03244
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