Renovated Four-Unit Mixed-Use
For Sale
$564,900
459 Lake St, Bristol, NH 03222
Commercial and residential spaces combine with paved parking and updates completed in 2018.
Property Size5,280 SF
Price / SF$106.99
Days on Market56
Property Features for 459 Lake St
General Information
Standard status
Active
Size
5,280 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Building Details
Year Built
1986
Year Renovated
2018
Buildings
1
Tenancy
Multi
Abandoned
No
Listing Agency:
Old Mill Properties REALTORS
Listed By:
Lorna Platts Sirois · License #067572
(603) 744-8526
Source:
Langelange
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 7 at 5:12PM
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 Old Mill Properties REALTORS
Investment Insights
Based on property information with market context.
This four-unit mixed-use property at 459 Lake St in Bristol, New Hampshire, contains commercial, office, and residential components across multiple levels. The main floor provides a five-room commercial suite with a lobby and reception area, half bath, and laundry hookups. A professional office occupies the basement and includes three private offices, a shared workroom with built-in stations, conference room, half bath, and kitchen area.
The second floor is configured as a three-bedroom apartment with palladium windows in the kitchen and living room. A two-bedroom apartment occupies the third floor. Kitchen and cosmetic improvements throughout the residential spaces were completed in 2018. Built in 1986, the property also includes a level, paved parking lot with room for 15+ cars.
The second floor is configured as a three-bedroom apartment with palladium windows in the kitchen and living room. A two-bedroom apartment occupies the third floor. Kitchen and cosmetic improvements throughout the residential spaces were completed in 2018. Built in 1986, the property also includes a level, paved parking lot with room for 15+ cars.
Key Highlights
- Four‑unit mixed‑use building with commercial, office, and residential space
- Main floor includes a five‑room commercial suite with lobby, reception area, half bath, and laundry hookups
- Basement office has 3 private offices, built‑in workstations, conference room, kitchen area, and half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,003
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,060
$960.1K
Cap Rate 7%
$685,757
$685.8K
Cap Rate 9%
$533,367
$533.4K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$91.9K $17.40/SF
− Vacancy
−$4.6K −$0.87/SF
EGI
$87.3K $16.53/SF
− OpEx
−$39.3K −$7.44/SF
NOI
$48.0K $9.09/SF
Area
Grafton County, NH
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$960,060
Cap Rate 7%
$685,757
Cap Rate 9%
$533,367
Alternative Uses
Best Use
Office B
$912.3K
$798.3K – $1.06M
NOI $63,860 @ 7.0% cap · market cap 11.30%
Second Best
Retail
$804.0K
$703.5K – $938.1K
NOI $56,283 @ 7.0% cap · market cap 9.96%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,301 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 03222, NH
5,743
Population
4,071
Households
1.4
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
71.3 sq mi
ZIP Area
81
Density / Sq Mi
$78,535
Median Household Income
$43,453
Median Earnings
$1,246
Median Rent
$256,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential spaces combine with paved parking and updates completed in 2018.
Where is this mixed-use property located?
The property is located at 459 Lake St Bristol, NH.
What is the asking price?
The asking price for this property is $564,900.
What are key features of this property?
This property features: Four‑unit mixed‑use building with commercial, office, and residential space; Main floor includes a five‑room commercial suite with lobby, reception area, half bath, and laundry hookups; Basement office has 3 private offices, built‑in workstations, conference room, kitchen area, and half baths
