Multi-Unit Mixed-Use
428 Main St New London, NH 03257
428 Main St, New London, NH, 03257
$899,000
Pending
For Sale
$899,000
Pending
Building with 13 separate units and over 5,000 square feet of finished space across from the Town Green.
Property Size5,000 SF
Days on Market87
Property Features for 428 Main St
General Information
- Standard status
- Pending
- Size
- 5,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1830
Listing agency
(603) 443-0339
Listed by
Jackson Wheeler
Source
Elliman
Added: Apr 27 Updated: Jul 21 at 4:29AM Checked: Jul 21 at 4:29AM
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 Jackson Wheeler
Investment Insights
Based on property information with market context.
428 Main Street is a multi-unit commercial building offering over 5,000 square feet of finished space and 13 separate units. The property’s flexible layout supports a range of business uses, including retail, office, spa/wellness, and professional services, making it suitable for both investors and owner-occupants.
The building is located in the heart of New London, directly across from the Town Green. Walk and bike scores provided with the listing indicate the area is somewhat bikeable and car-dependent, supporting access for customers and tenants who arrive by vehicle.
The building is located in the heart of New London, directly across from the Town Green. Walk and bike scores provided with the listing indicate the area is somewhat bikeable and car-dependent, supporting access for customers and tenants who arrive by vehicle.
Key Highlights
- 428 Main Street is a commercial building built in 1830.
- Over 5,000 SF of finished commercial space.
- 13 separate units with a flexible layout for multiple business types (retail, office, wellness, and professional services).
Local Financial Insights For Office B
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 | $108.0k | $21.60 |
| − Vacancy | −$14.8k | −$2.96 |
| EGI | $93.2k | $18.64 |
| − OpEx | −$23.3k | −$4.66 |
| NOI | $69.9k | $13.98 |
5,000 SF · lease $21.60/SF/yr · vacancy 13.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$998.6K
$873.8K – $1.17M
NOI $69,903 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$832.5K
$728.4K – $971.3K
NOI $58,275 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,133 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cow Face Yoga ...
Gym & Fitness Center
Peter Anderson Studio
Art Studio
Switchback Consignment
Discount Store
Gourmet Garden
(Bike/Boat/Book/etc) Store
Dressed Heads Salon
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Building with 13 separate units and over 5,000 square feet of finished space across from the Town Green.
Where is this office units located?
The property is located at 428 Main St New London, NH.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 428 Main Street is a commercial building built in 1830.; Over 5,000 SF of finished commercial space.; 13 separate units with a flexible layout for multiple business types (retail, office, wellness, and professional services).
