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Mixed-Use Property with 3-Bay Garage
New
For Sale
$699,000

161 Lancaster Rd, Gorham, NH 03581

The property combines a residence, a separate cottage, and a garage with office space on a single parcel.

Property SizeContact for details
Lot Size1.70 Acres
Days on Market2

Property Features for 161 Lancaster Rd

General Information

Standard status Active
Lot size 1.70 Acres

Additional Details

Service Bays 3

Building Details

Year Built 1890
Listing Agency: RE/MAX Northern Edge Realty LLC
Listed By: Debi Davis
Source: Fhghomesnh
Added: Sep 24 Last Checked: Sep 24 at 9:25AM

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 LLC

Investment Insights

Based on property information with market context.

This mixed-use property on 1.7 acres includes a 2,319-square-foot home with three bedrooms and 2.5 bathrooms, plus a separate 624-square-foot cottage. A 2,000-square-foot, three-bay garage includes office space, and a 700-square-foot canopy extends the improvements. The property was built in 1890.

At 161 Lancaster Rd in Gorham, New Hampshire, the site is described as close to town and trails. The combination of residential buildings and garage space offers several distinct components within one property.

Key Highlights

  • 1.7‑acre property in Gorham, NH
  • 2,000‑square‑foot garage with three bays and office space
  • 2,319‑square‑foot home with 3 bedrooms and 2.5 bathrooms

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Building Supply Parking Lot & Garage Auto Parts Store Storage Facility Auto Repair Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Service bays

Location Intelligence

Trade Area within ½ mile

14
Businesses Nearby

Demographics for 03581, NH

3,053
Population
1,970
Households
1.5
Avg Household Size
51
Median Age
26%
College-Educated
97%
High-School Grad
156.1 sq mi
ZIP Area
20
Density / Sq Mi
$61,370
Median Household Income
$37,731
Median Earnings
$786
Median Rent
$155,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines a residence, a separate cottage, and a garage with office space on a single parcel.
Where is this mixed-use property located?
The property is located at 161 Lancaster Rd Gorham, NH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1.7‑acre property in Gorham, NH; 2,000‑square‑foot garage with three bays and office space; 2,319‑square‑foot home with 3 bedrooms and 2.5 bathrooms
More about this property
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