Downtown Dover Redevelopment
475 Central Ave Dover, NH
For Sale
Contact for pricing
4,800± SF commercial building in prime downtown location.
Property Size2,594 SF
Lot Size0.07 Acres
Price / SF$212.03
Days on Market295
Property Features for 475 Central Ave
General Information
- Standard status
- Active
- Size
- 2,594 SF
- Lot size
- 0.07 Acres
- Property subtype
- RETAIL
Listing Agency:
eXp Realty
(617) 259-0810
Listed By:
Bill Riffert
(617) 259-0810
Source:
Moodyscre
Added: Oct 4, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:49AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This property offers a rare chance to own over 4,800± square feet of commercial space in the heart of downtown Dover. Located in a high-visibility area with strong vehicle and pedestrian traffic, the property offers exposure for future uses. The building, situated in a prime downtown location with excellent accessibility, has been fully gutted to the studs due to recent fire damage, presenting a clean slate ready for redevelopment. The 4,800± SF footprint offers flexible build-out potential. Surrounded by thriving restaurants, retail, and professional services, the site benefits from constant activity and demand. Close proximity to parking and public transit enhances its accessibility. This property provides the location and visibility to bring bold ideas to life, whether the vision is for retail, restaurant, creative office, or mixed-use development. It is an opportunity to revive and renew a downtown landmark in one of New Hampshire’s most dynamic downtown markets.
Key Highlights
- Prime downtown Dover location with high visibility and strong traffic.
- 4,800± SF footprint offering flexible build‑out potential.
- Clean slate redevelopment opportunity after being fully gutted to the studs.
Financial Insights For Specialty 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 | $56.0k | $21.60 |
| − Vacancy | −$2.1k | −$0.82 |
| EGI | $53.9k | $20.78 |
| − OpEx | −$13.5k | −$5.19 |
| NOI | $40.4k | $15.58 |
2,594 SF · lease $21.60/SF/yr · vacancy 3.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$577.5K
$505.3K – $673.8K
NOI $40,426 @ 7.0% cap · market cap 7.35%
Second Best
Office B
$506.0K
$442.8K – $590.4K
NOI $35,422 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$694.0K
$607.2K – $809.6K
NOI $48,578 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - 4,800± SF commercial building in prime downtown location.
Where is this retail space located?
The property is located at 475 Central Ave Dover, NH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Prime downtown Dover location with high visibility and strong traffic.; **4,800± SF footprint offering flexible build‑out potential.**; Clean slate redevelopment opportunity after being fully gutted to the studs.
