Turnkey Retail Building with
521 Nh Route 104 Meredith, NH 03253
521 Nh Route 104, Meredith, NH, 03253
$1,999,999
For Sale
$1,999,999
Turnkey retail business plus private residence with storage, office, and billboards on a high-traffic Route 104.
Property Size10,000 SF
Lot Size5.00 Acres
Price / SF$199
Days on Market59
Property Features for 521 Nh Route 104
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 5.00 Acres
Listing Agency
Coldwell Banker Realty Gilford NH
(603) 524-2255
Listed by
Gus Benavides
(603) 524-2255
Source
Exprealty
Added: May 23 Updated: Jul 10 at 1:48 pm Checked: Jul 19 at 8:42 am
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 Coldwell Banker Realty Gilford NH
Investment Insights
Based on property information with market context.
This commercial property combines a turn-key retail operation with a full private residence under one roof. The main floor includes a 98’ x 30’ retail sales area with vaulted ceilings, along with a 21’ x 18’ storage space, a 20’ x 12’ office, and a 5’ x 5’ half bath. The property also features a 34’ x 30’ private residence with two bedrooms, a 29’ x 16’ living/dining room with fireplace, a 10’ x 8’ kitchen, and a 9’ x 7’ full bath. A heated, walk-out lower level adds a finished office with kitchen, workshop, utility room, a 9’ x 5’ full bath, and additional storage.
Located on well-traveled Route 104, the property benefits from significant daily pass-by traffic. The Meredith Trading Post is noted in the remarks as being offered for the first time in many decades, and the property includes three town-approved billboards for advertising exposure.
For buyers or owner-operators seeking an all-in-one setup, the layout supports retail customers at the front of the building with office and storage space on both levels. The offering also includes a town-approved location for an existing wood carving business that pays rent to the current owners, along with a town-authorized space for a potential food truck business. Recent owner updates include heating/cooling work with energy-efficient mini splits, monitor-type heating supported by three 275-gallon kerosene tanks, and a security/camera system. A 576 sq. ft. two-car garage with metal roof is included.
Located on well-traveled Route 104, the property benefits from significant daily pass-by traffic. The Meredith Trading Post is noted in the remarks as being offered for the first time in many decades, and the property includes three town-approved billboards for advertising exposure.
For buyers or owner-operators seeking an all-in-one setup, the layout supports retail customers at the front of the building with office and storage space on both levels. The offering also includes a town-approved location for an existing wood carving business that pays rent to the current owners, along with a town-authorized space for a potential food truck business. Recent owner updates include heating/cooling work with energy-efficient mini splits, monitor-type heating supported by three 275-gallon kerosene tanks, and a security/camera system. A 576 sq. ft. two-car garage with metal roof is included.
Key Highlights
- Meredith, NH commercial property on Route 104 with a private residence and 10,000+ SF on 5.0 acres
- Main floor includes 98' x 30' retail sales space with vaulted ceilings plus office, half bath, and 21' x 18' storage
- Private residence features two bedrooms, 29' x 16' living/dining room with fireplace, 10' x 8' kitchen, and full bath
Local Financial Insights For Office B
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 | $204.0k | $20.40 |
| − Vacancy | −$27.1k | −$2.71 |
| EGI | $176.9k | $17.69 |
| − OpEx | −$44.2k | −$4.42 |
| NOI | $132.7k | $13.27 |
10,000 SF · lease $20.40/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.21M
NOI $132,651 @ 7.0% cap · market cap 6.63%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,810 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,464 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Turnkey retail business plus private residence with storage, office, and billboards on a high-traffic Route 104.
Where is this storefront property located?
The property is located at 521 Nh Route 104 Meredith, NH.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Meredith, NH commercial property on Route 104 with a private residence and 10,000+ SF on 5.0 acres; Main floor includes 98' x 30' retail sales space with vaulted ceilings plus office, half bath, and 21' x 18' storage; Private residence features two bedrooms, 29' x 16' living/dining room with fireplace, 10' x 8' kitchen, and full bath
