Downtown Building Ready For
25 High Street Somersworth, NH 03878
For Sale
$400,000
Gutted building ready for mixed-use transformation in high-demand location.
Property Size3,640 SF
Lot Size0.28 Acres
Price / SF$109.89
Days on Market766
Property Features for 25 High Street
General Information
Standard status
Active
Size
3,640 SF
Lot size
0.28 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1874
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover
(603) 969-6632
Listed By:
Darlene G Colwell-Ellis · License #042783
(603) 969-6632
Source:
Exitrealty
Added: Jun 22, 2024
Changed: Jul 6
Last Checked: Jul 27 at 4:46AM
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 KW Coastal and Lakes & Mountains Realty/Dover
Investment Insights
Based on property information with market context.
This downtown building presents an opportunity for transformation into an investment property. The structure has been fully gutted, eliminating demolition costs and delays. Proposed plans include 4 residential units and 1 ground-level retail/commercial space. Future addition of 3 townhouse-style units behind the main building is planned. Situated on a large in-town lot, the property offers off-street parking.
Key Highlights
- Prime downtown location in a high‑demand area
- Approved plans for a mixed‑use property with 4 residential units and 1 retail space
- Large in‑town lot with rare off‑street parking
Financial Insights For Mixed Use
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 | $63.3k | $17.40 |
| − Vacancy | −$4.8k | −$1.31 |
| EGI | $58.6k | $16.10 |
| − OpEx | −$22.0k | −$6.04 |
| NOI | $36.6k | $10.06 |
3,640 SF · lease $17.40/SF/yr · vacancy 7.50% · expense 37.50%
Alternative Uses
Best Use
Retail
$630.3K
$551.5K – $735.4K
NOI $44,121 @ 7.0% cap · market cap 11.03%
Second Best
Mixed Use
$523.1K
$457.7K – $610.3K
NOI $36,616 @ 7.0% cap · market cap 9.15%
Theoretical Best
Office A
$973.8K
$852.1K – $1.14M
NOI $68,167 @ 7.0% cap · market cap 17.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Gutted building ready for mixed-use transformation in high-demand location.
Where is this mixed-use property located?
The property is located at 25 High Street Somersworth, NH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime downtown location in a high‑demand area; Approved plans for a mixed‑use property with **4 residential units and 1 retail space**; Large in‑town lot with **rare off‑street parking**
