3 10th Rod Rd Rochester, NH 03867-4243
- Commercial real estate
- 1,148 SF
- 0.50 lot acres
Apr 01, 2021
Current Use by Public Records
- Commercial real estate
Property Details for 3 10th Rod Rd
- Year built
- 1970
- Construction
- FRAME
- Lot size
- 0.50 lot acres
- Property size
- 1,148 SF
- Zone code
- HC
- Property type
- Commercial real estate
- APN
- RCHE M:0115 B:0037 L:0000
- APU
- RCHEM0115B0037L0000
Description
This 896 square foot free-standing retail building in Rochester, NH, presents a unique investment opportunity. Located at 3 Ten Rod Road, the property boasts a prime location with high visibility and significant foot traffic, driven by its adjacency to six gas pumps managed by the owner. This gas station, known for its competitive pricing, acts as a powerful customer draw for the retail space. The building itself is ideally suited for a convenience store or food-related business, offering ample space for operations and inventory. Internal features include walk-in coolers, essential for maintaining perishable goods, and a three-bay sink, catering to food preparation needs. The building's freestanding nature provides excellent branding opportunities and independent access. The property is offered for lease at a price of $30,000 (price likely represents annual rent or a similar figure, exact terms to be confirmed). This combination of high-traffic location, gas station synergy, and practical internal features makes this a compelling opportunity for a variety of retail businesses seeking a strong foothold in a busy area. The absence of a lot size indicates the property is likely situated on a smaller parcel, ideal for a retail operation. Serious inquiries are encouraged to explore this promising commercial venture.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $190,000
- ML approach
- $190,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $190,000
- 6.5%
- $180,000
- 7%
- $165,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $211,000
- AI Estimate
- $194,000
Market price range: $65.3k - $212kMarket price range: $51.0k - $194k
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Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.9939
- Latitude
- 43.3118
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA