245-247 Main St, Nashua, NH
Three properties with retail and residential units in downtown Nashua.
- Added:
- May 6, 2025
- Days on Market:
- 418
- Last Refresh:
- May 19 at 8:51 pm
Property Features for 245-247 Main St
General Information
- Standard status
- Active
- Size
- 20,355 SF
- Lot size
- 0.22 Acres
- Property subtype
- RETAIL
Listing office NAI Norwood Group (603) 930-0791
Listing date May 6, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of NAI Norwood Group
HighLights
- Portfolio of 3 properties in downtown Nashua.
- Includes a total of 23 residential units across two properties.
- All properties feature ground‑level retail space.
- Excellent location near the new Performing Arts Center.
- Tenants responsible for their own utilities.
- Public and off‑street parking available.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $439.7k | $21.60 |
| − Vacancy | −$33.0k | −$1.62 |
| EGI | $406.7k | $19.98 |
| − OpEx | −$122.0k | −$5.99 |
| NOI | $284.7k | $13.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Nashua
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.4642
- Latitude
- 42.7575