Property profile

230-232 Main St Gorham, NH 03581

OFF-MARKET
Office buildings
Property ID
US58-0134758
5,654 SF 1.2 ac lot Built 1880
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 230-232 Main Street in Gorham, NH, presents a unique investment opportunity. Situated on a 1.2-acre lot directly on busy Routes 16 and 2, next to McDonald's, this two-story building boasts 8,932 square feet of space. The main floor features multiple office spaces, with half currently leased to an established tenant. Upstairs, a cozy one-bedroom apartment provides additional income potential. This apartment is currently partially finished, offering significant upside for expansion into more living space or additional office areas. The property includes ample parking in both the front and rear, with a large backyard extending to the Androscoggin River. Its convenient location offers easy access to local trails and the attractions of the North Country and White Mountains, making it ideal for a variety of businesses. The high visibility and established tenant base make this a strong investment with significant potential for growth and increased revenue. The combination of commercial and residential space provides a diversified income stream, making it an attractive option for savvy investors seeking a property with both immediate and long-term returns. The large lot and river access add to the property's overall appeal and potential for future development.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1880
Construction FRAME
Total area 5,654 SF
Lot 1.2 ac (52,272 SF)
Zoning code CA
APN GORH M:U6 L:37
UPID US58-0134758

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

230-232 Main St Gorham, NH 03581
Gorham metro Census 950900 BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

Zoning & alternative use

CA · Gorham, NH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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