Gutted Mixed-Use Building with
25 High Street Somersworth, NH 03878
25 High Street, Somersworth, NH, 03878
$375,000
For Sale
$375,000
MULTI_FAMILY - Other - Somersworth, NH
Property Size3,640 SF
Lot Size0.29 Acres
Price / SF$103.02
Days on Market721
Property Features for 25 High Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- BH
- Standard status
- Active
- Size
- 3,640 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Annual Amount
- 6376
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1874
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Clapboard Exterior
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
KW Coastal and Lakes & Mountains Realty/Dover
(603) 969-6632
10 Fourth Street, Portsmouth, NH
Listed by
Darlene Colwell-Ellis · License #042783
(603) 610-8500
Added: Jul 30, 2024 Updated: Jul 1 at 9:36 am Checked: Jul 20 at 1:06 pm
MLS# 5007344
Listing URL
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This gutted mixed-use building is ready for redevelopment, with the existing structure fully stripped out to allow a new buildout without the cost or delays of demolition. The proposed plans call for four residential units along with one ground-level retail or commercial space. The plan also includes a future addition of three townhouse-style units behind the main building, keeping the primary building and rear expansion connected under one redevelopment concept.
The property sits on a large in-town lot and includes off-street parking, an amenity designed for an operator or tenant base while maintaining the convenience of a downtown setting. The site is identified under zoning BH, which supports a mixed-use redevelopment approach as reflected in the proposed plan.
For buyers or developers, the asset’s “gutted” condition and defined proposed program can reduce early design constraints and streamline the path from concept to construction. The combination of residential units and ground-level retail or commercial space may appeal to tenants seeking a live-and-work setup, while the townhouse-style addition provides an additional housing component behind the main structure, all within one redevelopment plan.
The property sits on a large in-town lot and includes off-street parking, an amenity designed for an operator or tenant base while maintaining the convenience of a downtown setting. The site is identified under zoning BH, which supports a mixed-use redevelopment approach as reflected in the proposed plan.
For buyers or developers, the asset’s “gutted” condition and defined proposed program can reduce early design constraints and streamline the path from concept to construction. The combination of residential units and ground-level retail or commercial space may appeal to tenants seeking a live-and-work setup, while the townhouse-style addition provides an additional housing component behind the main structure, all within one redevelopment plan.
Key Highlights
- Year built 1874 downtown building with clapboard exterior
- Completely gutted structure ready for redevelopment
- Proposed layout: 4 residential units plus 1 ground‑level retail/commercial space
Local Financial Insights For Apartment 5plus
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 | $64.2k | $17.64 |
| − Vacancy | −$2.2k | −$0.62 |
| EGI | $62.0k | $17.02 |
| − OpEx | −$27.9k | −$7.66 |
| NOI | $34.1k | $9.36 |
3,640 SF · lease $17.64/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Retail
$630.3K
$551.5K – $735.4K
NOI $44,121 @ 7.0% cap · market cap 11.77%
Second Best
Mixed Use
$523.1K
$457.7K – $610.3K
NOI $36,616 @ 7.0% cap · market cap 9.76%
Theoretical Best
Office A
$973.8K
$852.1K – $1.14M
NOI $68,167 @ 7.0% cap · market cap 18.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Gutted downtown building with proposed mixed-use layout, including off-street parking and ground-level retail/commercial space.
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 $375,000.
What are key features of this property?
This property features: Year built 1874 downtown building with clapboard exterior; Completely gutted structure ready for redevelopment; Proposed layout: 4 residential units plus 1 ground‑level retail/commercial space
