Mixed-Use Property with
589 Daniel Webster Hwy, Merrimack, NH 03054
For Sale
$549,000
Main-level configuration serves chiropractic and wellness office use, with stated potential for retail or showroom conversion.
Property Size3,111 SF
Days on Market96
Property Features for 589 Daniel Webster Hwy
General Information
Standard status
Size
Class
Property subtype
Additional Details
Highway Access
Building Details
Building Size
Year Built
Listing Agency:
Sperry - Commercial Realty Associates
Listed By:
Joshua Solloway · License NH #085116
(603) 289-1405
Source:
Sperrycga
Added: Aug 12
Changed: Oct 28
Last Checked: Nov 14 at 2:54AM
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 Sperry - Commercial Realty Associates
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Investment Insights
Based on property information with market context.
Built in 1850, this mixed-use property at 589 Daniel Webster Hwy in Merrimack is currently arranged for chiropractic and wellness office operations. The main level offers a customer-facing commercial configuration that the source identifies as adaptable for retail, showroom, or other similar uses.
The property occupies a location along the Daniel Webster Highway corridor in Merrimack, NH. Its existing office setup provides a defined commercial use today while allowing consideration of alternative customer-oriented configurations, subject to applicable review and approvals.
The property occupies a location along the Daniel Webster Highway corridor in Merrimack, NH. Its existing office setup provides a defined commercial use today while allowing consideration of alternative customer-oriented configurations, subject to applicable review and approvals.
Key Highlights
- Mixed‑use property at 589 Daniel Webster Hwy, Merrimack, NH 03054
- Main level currently configured as a chiropractic and wellness office
- Identified potential for retail, showroom, or other customer‑facing commercial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,792
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,840
$795.8K
Cap Rate 7%
$568,457
$568.5K
Cap Rate 9%
$442,133
$442.1K
Market Conditions
NOI Build-Up for 3,111 SF
Gross rent
$70.9K $22.80/SF
− Vacancy
−$4.6K −$1.48/SF
EGI
$66.3K $21.32/SF
− OpEx
−$26.5K −$8.53/SF
NOI
$39.8K $12.79/SF
Area
Hillsborough County, NH
Vacancy
6.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,840
Cap Rate 7%
$568,457
Cap Rate 9%
$442,133
Alternative Uses
Best Use
Office B
$780.3K
$682.7K – $910.3K
NOI $54,619 @ 7.0% cap · market cap 9.95%
Second Best
Healthcare Medical
$568.5K
$497.4K – $663.2K
NOI $39,792 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$987.7K
$864.2K – $1.15M
NOI $69,136 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
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Business Placement
Demographics for 03054, NH
26,622
Population
10,581
Households
2.5
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
32.6 sq mi
ZIP Area
817
Density / Sq Mi
$128,897
Median Household Income
$65,604
Median Earnings
$1,819
Median Rent
$406,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Hillsborough County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Main-level configuration serves chiropractic and wellness office use, with stated potential for retail or showroom conversion.
Where is this mixed-use property located?
The property is located at 589 Daniel Webster Hwy Merrimack, NH.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Mixed‑use property at 589 Daniel Webster Hwy, Merrimack, NH 03054; Main level currently configured as a chiropractic and wellness office; Identified potential for retail, showroom, or other customer‑facing commercial use
