Mixed-Use Property with Office
For Sale
$1,399,000
328 Daniel Webster Highway, Meredith, NH 03253
Downtown mixed-use building combines commercial space, two apartments, paved parking, and access from two streets.
Property Size5,556 SF
Price / SF$251.80
Days on Market136
Property Features for 328 Daniel Webster Highway
General Information
Standard status
Active
Size
5,556 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Multifamily Units
2
Office Units
2
Additional Details
Floor
Lower Level
Amenities
boat parking
multi-tenant sign
Building Details
Year Built
1975
Buildings
1
Tenancy
Multi
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Meredith
Listed By:
Shannon Casey · License #072839
(603) 610-8500
Source:
Aultcommercial
Added: Jun 19
Changed: Oct 31
Last Checked: Nov 1 at 6:06AM
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 KW Coastal and Lakes & Mountains Realty/Meredith
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Investment Insights
Based on property information with market context.
This 5,556-square-foot mixed-use property, built in 1975, combines a commercial component with two residential apartments. The lower-level business area includes two offices with separate entrances, a shared hallway, and a bathroom; the configuration can accommodate up to three office suites. Mini-split heating and air conditioning, public water and sewer, and hard-wired smoke detectors are installed throughout the property.
Located at 328 Daniel Webster Highway in Meredith, the building has frontage on two streets and a multi-tenant sign along Route 3. NHDOT traffic counts average approximately 17,000 vehicles per day. Paved parking is accessible from both streets, with additional municipal parking adjacent to the property. Meredith Bay, a public boat launch, downtown shops, restaurants, and the waterfront are nearby, while Route 104 and I-93 provide regional access. The property also includes boat parking.
Located at 328 Daniel Webster Highway in Meredith, the building has frontage on two streets and a multi-tenant sign along Route 3. NHDOT traffic counts average approximately 17,000 vehicles per day. Paved parking is accessible from both streets, with additional municipal parking adjacent to the property. Meredith Bay, a public boat launch, downtown shops, restaurants, and the waterfront are nearby, while Route 104 and I-93 provide regional access. The property also includes boat parking.
Key Highlights
- 5,556 SF mixed‑use property with commercial space and two residential apartments
- Commercial layout supports up to three office suites
- Frontage on two streets with paved parking and access from both
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,542
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,490,840
$1.5M
Cap Rate 7%
$1,064,886
$1.1M
Cap Rate 9%
$828,244
$828.2K
Market Conditions
NOI Build-Up for 5,556 SF
Gross rent
$140.0K $25.20/SF
− Vacancy
−$4.5K −$0.81/SF
EGI
$135.5K $24.39/SF
− OpEx
−$61.0K −$10.98/SF
NOI
$74.5K $13.42/SF
Area
Belknap County, NH
Vacancy
3.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,490,840
Cap Rate 7%
$1,064,886
Cap Rate 9%
$828,244
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$931.8K – $1.24M
NOI $74,542 @ 7.0% cap · market cap 5.33%
Second Best
Office B
$1.05M
$921.3K – $1.23M
NOI $73,701 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,487 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
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Business Placement
Demographics for 03253, NH
6,558
Population
5,111
Households
1.3
Avg Household Size
54
Median Age
44%
College-Educated
97%
High-School Grad
37.5 sq mi
ZIP Area
175
Density / Sq Mi
$69,808
Median Household Income
$40,587
Median Earnings
$1,230
Median Rent
$444,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown mixed-use building combines commercial space, two apartments, paved parking, and access from two streets.
Where is this mixed-use property located?
The property is located at 328 Daniel Webster Highway Meredith, NH.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 5,556 SF mixed‑use property with commercial space and two residential apartments; Commercial layout supports up to three office suites; Frontage on two streets with paved parking and access from both
