Retail Suite with
For Sale
Contact for pricing
294 State Route 101, Amherst, NH 03031
The first-floor space includes an open reception area, staff utility space, and a half bath.
Property Size1,442 SF
Price / SF$1.11
Days on Market49
Property Features for 294 State Route 101
General Information
Standard status
Active
Size
1,442 SF
Property subtype
Commercial
Building Details
Year Built
1987
Listing Agency:
Proctor & Greene Real Estate
(603) 673-7314
Listed By:
Alyssum Proctor-Russell · License #Alyssum Proctor-Russell
(603) 801-7485
Source:
Longviewcre
Added: Sep 14
Changed: Oct 29
Last Checked: Oct 29 at 2:53PM
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 Proctor & Greene Real Estate
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Investment Insights
Based on property information with market context.
Unit 2 at Greeley Point Condominiums is a 1,442-square-foot, first-floor retail space with an open reception area, three private offices, staff and utility space, and a half bath. The property was built in 1987, and signage and parking are available.
Located at 294 State Route 101 in Amherst, the space has access and visibility along Route 101.
Located at 294 State Route 101 in Amherst, the space has access and visibility along Route 101.
Key Highlights
- 1,442 SF first‑floor commercial suite
- Open reception area and three private offices
- Staff and utility space plus a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,168
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,360
$403.4K
Cap Rate 7%
$288,114
$288.1K
Cap Rate 9%
$224,089
$224.1K
Market Conditions
NOI Build-Up for 1,442 SF
Gross rent
$31.1K $21.60/SF
− Vacancy
−$2.3K −$1.62/SF
EGI
$28.8K $19.98/SF
− OpEx
−$8.6K −$5.99/SF
NOI
$20.2K $13.99/SF
Area
Hillsborough County, NH
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,360
Cap Rate 7%
$288,114
Cap Rate 9%
$224,089
Alternative Uses
Best Use
Retail
$288.1K
$252.1K – $336.1K
NOI $20,168 @ 7.0% cap · market cap 1,260.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $184,937 @ 7.0% cap · market cap 11,558.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
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Business Placement
Demographics for 03031, NH
11,763
Population
4,558
Households
2.6
Avg Household Size
45
Median Age
64%
College-Educated
99%
High-School Grad
33.9 sq mi
ZIP Area
347
Density / Sq Mi
$155,125
Median Household Income
$68,313
Median Earnings
$1,447
Median Rent
$491,400
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The first-floor space includes an open reception area, staff utility space, and a half bath.
Where is this retail space located?
The property is located at 294 State Route 101 Amherst, NH.
What are key features of this property?
This property features: 1,442 SF first‑floor commercial suite; Open reception area and three private offices; Staff and utility space plus a half bath
