Mixed-Use Retail and
123 Union Square Milford, NH 03055
123 Union Square, Milford, NH, 03055
$700,000
For Sale
$700,000
First-floor restaurant space with a commercial kitchen and an upstairs fully renovated 3-bedroom apartment.
Property Size2,714 SF
Price / SF$257.92
Days on Market132
Property Features for 123 Union Square
General Information
- Standard status
- Active
- Size
- 2,714 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
Keller Williams Realty-Metropolitan
Listed by
Tom Bolduc
(603) 673-7314
Source
Proctorandgreene
Added: Mar 9 Checked: Jul 18 at 3:11 am
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 Keller Williams Realty-Metropolitan
Investment Insights
Based on property information with market context.
This mixed-use storefront includes commercial space on the first level and a residential unit on the second level. The first floor is currently operated as a food service business/restaurant and is equipped with a commercial stove and hand wash sinks, among other kitchen components. The second level offers a 3-bedroom apartment that is described as fully renovated and currently rented.
Public remarks note river views and plenty of foot traffic associated with the storefront setting. The commercial space is presently occupied by an ice cream shop tenant.
For sale as a combined property, the listing notes positive cash flow and a projected CAP rate of 8%.
Public remarks note river views and plenty of foot traffic associated with the storefront setting. The commercial space is presently occupied by an ice cream shop tenant.
For sale as a combined property, the listing notes positive cash flow and a projected CAP rate of 8%.
Key Highlights
- First‑floor commercial restaurant/storefront with a commercial stove and hand wash sinks
- Upstairs 3‑bedroom apartment provides additional rental income
- Apartment upstairs is fully renovated and currently has a tenant
Local Financial Insights For Apartment 5plus
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 | $70.7k | $26.04 |
| − Vacancy | −$3.5k | −$1.30 |
| EGI | $67.1k | $24.74 |
| − OpEx | −$30.2k | −$11.13 |
| NOI | $36.9k | $13.61 |
2,714 SF · lease $26.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $348,071 @ 7.0% cap · market cap 49.72%
Second Best
Apartment 5plus
$527.5K
$461.6K – $615.4K
NOI $36,926 @ 7.0% cap · market cap 5.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Island Bowls Cafe ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - First-floor restaurant space with a commercial kitchen and an upstairs fully renovated 3-bedroom apartment.
Where is this mixed-use property located?
The property is located at 123 Union Square Milford, NH.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: First‑floor commercial restaurant/storefront with a commercial stove and hand wash sinks; Upstairs 3‑bedroom apartment provides additional rental income; Apartment upstairs is fully renovated and currently has a tenant
