Two-Unit Mixed-Use
For Sale
$1,485,000
591 Center Street, Wolfeboro, NH 03894
Two separately configured commercial units combine medical-office and retail functionality with direct lower-level access.
Property Size3,540 SF
Price / SF$419.49
Days on Market68
Property Features for 591 Center Street
General Information
Standard status
Active
Size
3,540 SF
Property subtype
Commercial
Building Details
Year Built
2004
Buildings
1
Tenancy
Multi
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro
Listed By:
Adam Dow · License #056660
(866) 525-3946
Source:
Landvest
Added: Aug 15
Changed: Sep 26
Last Checked: Oct 20 at 10:58PM
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/Wolfeboro
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Investment Insights
Based on property information with market context.
Built in 2004, this mixed-use commercial building contains two distinct main-level units totaling approximately 3,540 square feet. The larger unit measures approximately 2,400 square feet and includes a full bathroom with separate shower and tub. The second unit encompasses approximately 1,140 square feet and has a half bathroom. The spaces are currently occupied by a medical practice and a kitchen retail shop, respectively.
Each unit has its own stairway to the lower level, which includes heated garage bays and a walkout configuration. Approximately 432 square feet of finished basement area adds functional space, while the lower level may also be available for separate rental. The property is located at 591 Center St in Wolfeboro, NH, with a Walk Score of 8 and a Bike Score of 43.
Each unit has its own stairway to the lower level, which includes heated garage bays and a walkout configuration. Approximately 432 square feet of finished basement area adds functional space, while the lower level may also be available for separate rental. The property is located at 591 Center St in Wolfeboro, NH, with a Walk Score of 8 and a Bike Score of 43.
Key Highlights
- Two main‑level commercial units totaling approximately 3,540 square feet
- Approximately 2,400‑square‑foot unit with full bathroom, separate shower, and tub
- Approximately 1,140‑square‑foot unit with half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,746
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,920
$974.9K
Cap Rate 7%
$696,371
$696.4K
Cap Rate 9%
$541,622
$541.6K
Market Conditions
NOI Build-Up for 3,540 SF
Gross rent
$76.5K $21.60/SF
− Vacancy
−$11.5K −$3.24/SF
EGI
$65.0K $18.36/SF
− OpEx
−$16.2K −$4.59/SF
NOI
$48.7K $13.77/SF
Area
Carroll County, NH
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$974,920
Cap Rate 7%
$696,371
Cap Rate 9%
$541,622
Alternative Uses
Best Use
Office B
$696.4K
$609.3K – $812.4K
NOI $48,746 @ 7.0% cap · market cap 3.28%
Second Best
Mixed Use
$614.4K
$537.6K – $716.9K
NOI $43,011 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$883.9K
$773.4K – $1.03M
NOI $61,875 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Explore this area
Business Placement
Demographics for 03894, NH
6,382
Population
4,347
Households
1.5
Avg Household Size
58
Median Age
43%
College-Educated
99%
High-School Grad
47.3 sq mi
ZIP Area
135
Density / Sq Mi
$84,660
Median Household Income
$44,841
Median Earnings
$1,093
Median Rent
$435,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separately configured commercial units combine medical-office and retail functionality with direct lower-level access.
Where is this mixed-use property located?
The property is located at 591 Center Street Wolfeboro, NH.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Two main‑level commercial units totaling approximately 3,540 square feet; Approximately 2,400‑square‑foot unit with full bathroom, separate shower, and tub; Approximately 1,140‑square‑foot unit with half bathroom
