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Mixed-Use Property with Development Potential

115/117 Main St Colebrook, NH 03576

115/117 Main St, Colebrook, NH, 03576
$597,000
For Sale
$597,000

1.4 acres of prime land with mixed-use building.

Property Size6,200 SF
Lot Size1.40 Acres
Price / SF$96.29
Days on Market87

Property Features for 115/117 Main St

General Information

Standard status
Active
Size
6,200 SF
Lot size
1.40 Acres
Property subtype
Investment

Building Details

Year Built
1890
Listing Agency RE/MAX Northern Edge Realty
Listed by Francine Rancourt
Source Elliman
Added: Apr 26 Updated: Jul 10 at 3:57 pm Checked: Jul 19 at 5:59 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 RE/MAX Northern Edge Realty


Investment Insights

Based on property information with market context.

This mixed-use property features a well-maintained building with over 6200 sq ft of living space, situated on 1.4 acres of level land in the center of town. The property has a rich history, having served as the town's first Post Office, a hospital, an inn and tavern, and the former Nugent Motor Company. Currently, the front commercial space is occupied by "Creative Native", a store featuring crafts, collectables, art, jewelry, and gift ideas. Upon sale, the inventory will be removed, making the space available for commercial use or conversion into another apartment. In addition to the storefront, there are four units, three of which have access to covered porches in the rear. One tenant currently occupies three of the two-bedroom units and will be moving upon sale. The last unit serves as the owner's living quarters and has direct access to the garage. There is potential for increased income, as one tenant occupies multiple units. Recent maintenance and updates include a new storage shed, freshly painted exterior, a standby generator, and an extensive video surveillance camera system. The property's land size offers potential for commercial development, such as a motel, private restaurant, food chain, or store. The existing building could be maintained for income while a new residence or apartment building is constructed in the back. The land consists of two combined parcels. The property has a walk score of 52, indicating it is somewhat walkable, and a bike score of 16, indicating it is somewhat bikeable.

Key Highlights

  • 1.4 acres of prime, level land in the center of town with development potential.
  • Over 6200 sq ft building with historical significance and versatile space.
  • Currently configured with a commercial storefront and 4 residential units, offering immediate income potential.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

(Bike/Boat/Book/etc) Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Barber Shop Cafe & Coffee Shop Veterinary Clinic (Bike/Boat/Book/etc) Store Plumbing Service Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - 1.4 acres of prime land with mixed-use building.
Where is this mixed-use property located?
The property is located at 115/117 Main St Colebrook, NH.
What is the asking price?
The asking price for this property is $597,000.
What are key features of this property?
This property features: **1.4 acres of prime, level land in the center of town with development potential.**; **Over 6200 sq ft building with historical significance and versatile space.**; Currently configured with a commercial storefront and 4 residential units, offering immediate income potential.
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