Two-Story Mixed-Use
For Sale
$450,000
141 Main Street, Alton, NH 03809
Downtown property combines professional office space with an existing residential unit and zoning supporting mixed commercial and residential use.
Property Size3,400 SF
Price / SF$132.04
Days on Market581
Property Features for 141 Main Street
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Commercial
Zoning
RC - Mix Use Res. / Comm.
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,578
Amenities
laundry
Building Details
Year Built
1850
Buildings
1
Stories
2
Building Size
3,400 SF
Listing Agency:
RE/MAX Innovative Bayside
Listed By:
Don Roberts
(603) 279-0079
Source:
Churchillprop
Added: Mar 14, 2025
Changed: Oct 10
Last Checked: Oct 12 at 5:50PM
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 Innovative Bayside
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains approximately 3,408 square feet and was built in 1850. The first level is arranged for office use with four private offices, reception and conference areas, a kitchenette, half bathroom, and additional workspace. The upper level provides a 1,700-square-foot residential unit with an open living and dining area, hardwood flooring, barrel ceiling, private bedroom, three-quarter bathroom, and laundry.
Located in downtown Alton, the property is less than one mile from Alton Bay and the year-round attractions associated with Lake Winnipesaukee. RC - Mix Use Comm. / Res. zoning supports the property's combined commercial and residential format. Improvements completed over the past 10+ years include a new roof, updated heating system, conversion of the second floor to living space, and a new septic system designed to support a second 1 Bedroom Apartment.
Located in downtown Alton, the property is less than one mile from Alton Bay and the year-round attractions associated with Lake Winnipesaukee. RC - Mix Use Comm. / Res. zoning supports the property's combined commercial and residential format. Improvements completed over the past 10+ years include a new roof, updated heating system, conversion of the second floor to living space, and a new septic system designed to support a second 1 Bedroom Apartment.
Key Highlights
- Approximately 3,408 square feet in a two‑story mixed‑use building
- RC - Mix Use Comm. / Res. zoning
- First floor includes 4 private offices, reception, conference room, kitchenette, half bath, and desk space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,400
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,000
$628.0K
Cap Rate 7%
$448,571
$448.6K
Cap Rate 9%
$348,889
$348.9K
Market Conditions
NOI Build-Up for 3,408 SF
Gross rent
$55.2K $16.20/SF
− Vacancy
−$5.0K −$1.46/SF
EGI
$50.2K $14.74/SF
− OpEx
−$18.8K −$5.53/SF
NOI
$31.4K $9.21/SF
Area
Belknap County, NH
Vacancy
9.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,000
Cap Rate 7%
$448,571
Cap Rate 9%
$348,889
Alternative Uses
Best Use
Office B
$645.8K
$565.1K – $753.5K
NOI $45,207 @ 7.0% cap · market cap 10.05%
Second Best
Mixed Use
$448.6K
$392.5K – $523.3K
NOI $31,400 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$810.4K
$709.1K – $945.5K
NOI $56,731 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 03809, NH
3,644
Population
2,001
Households
1.8
Avg Household Size
50
Median Age
32%
College-Educated
94%
High-School Grad
40.1 sq mi
ZIP Area
91
Density / Sq Mi
$92,278
Median Household Income
$44,726
Median Earnings
$616
Median Rent
$331,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines professional office space with an existing residential unit and zoning supporting mixed commercial and residential use.
Where is this mixed-use property located?
The property is located at 141 Main Street Alton, NH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 3,408 square feet in a two‑story mixed‑use building; RC - Mix Use Comm. / Res. zoning; First floor includes 4 private offices, reception, conference room, kitchenette, half bath, and desk space
