Retail Building with Flexible
379 High Street Somersworth, NH 03878
For Sale
$455,000
Retail building with a flexible interior layout on a quarter-acre lot along the Route 9 corridor in Somersworth.
Property Size1,344 SF
Lot Size0.25 Acres
Price / SF$338.54
Days on Market68
Property Features for 379 High Street
General Information
Standard status
Active
Size
1,344 SF
Lot size
0.25 Acres
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
KW Coastal and Lakes & Mountains Realty
Listed By:
Sean Cody
(603) 329-5903
Source:
Bigislandre
Added: May 24
Changed: Jul 29
Last Checked: Jul 29 at 3:26AM
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
Investment Insights
Based on property information with market context.
This retail building offers a flexible floor plan within 1,344 square feet, suited to a variety of retail or office-style uses. The property sits on a quarter-acre lot and is positioned to serve customers traveling along the Route 9 corridor.
The building’s location provides easy access to nearby shopping destinations, including Walmart, Target, Home Depot, and Market Basket. It also offers quick access to Route 16 and the Dover area, supporting convenient day-to-day customer access.
With its adaptable interior configuration, the space can be arranged for different operational setups, including single-tenant retail or multiple office configurations.
The building’s location provides easy access to nearby shopping destinations, including Walmart, Target, Home Depot, and Market Basket. It also offers quick access to Route 16 and the Dover area, supporting convenient day-to-day customer access.
With its adaptable interior configuration, the space can be arranged for different operational setups, including single-tenant retail or multiple office configurations.
Key Highlights
- 1,344 SF retail building built in 1980
- Quarter‑acre lot on the Route 9 corridor in Somersworth, NH
- Flexible interior layout for a salon, retail shop, or multiple office configurations
Financial Insights For Retail
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 | $24.2k | $18.00 |
| − Vacancy | −$919 | −$0.68 |
| EGI | $23.3k | $17.32 |
| − OpEx | −$7.0k | −$5.19 |
| NOI | $16.3k | $12.12 |
1,344 SF · lease $18.00/SF/yr · vacancy 3.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$232.7K
$203.6K – $271.5K
NOI $16,291 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.6K
$314.6K – $419.5K
NOI $25,169 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Westwind Gardens — 402 High St, Somersworth, NH 03878
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with a flexible interior layout on a quarter-acre lot along the Route 9 corridor in Somersworth.
Where is this storefront property located?
The property is located at 379 High Street Somersworth, NH.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 1,344 SF retail building built in 1980; Quarter‑acre lot on the Route 9 corridor in Somersworth, NH; Flexible interior layout for a salon, retail shop, or multiple office configurations
