Retail Condo with Highway
For Sale
$225,000
78 Main Street # 4a, Lincoln, NH 03251
The space is currently used for storage and requires plumbing, heating, and electrical work for other uses.
Property Size1,240 SF
Price / SF$181.45
Days on Market284
Property Features for 78 Main Street # 4a
General Information
Standard status
Active
Size
1,240 SF
Property subtype
Commercial
Zoning
Commercial
Property Condition
Severity
Major Repairs Needed
Evidence
will need Plumbing, Heating and Electrical
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$850
Amenities
No
High Speed Intrnt Avail
Slab
1
Near Skiing,Major Road Frontage,Mountain View
Public Water at Street
1500000
300
Building Details
Year Built
1985
Listing Agency:
South Peak Real Estate
Listed By:
R.Stephen Loynd
(603) 381-7898
Source:
Lesliedrownrealestate
Added: Jan 23
Changed: Oct 29
Last Checked: Oct 29 at 2:31PM
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 South Peak Real Estate
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Investment Insights
Based on property information with market context.
This 1,240-square-foot commercial condominium at 78 Main Street in Lincoln is currently used for storage. Plumbing, heating, and electrical work are needed to support use beyond storage. The 1985-built unit has a slab and high-speed internet availability; public water is at the street.
The property fronts Route 112 near Lincoln’s downtown traffic light, with a mountain view and parking. It abuts Citizens Bank and Bank of New Hampshire. Four of the 14 units in the complex have been converted to residential use.
The property fronts Route 112 near Lincoln’s downtown traffic light, with a mountain view and parking. It abuts Citizens Bank and Bank of New Hampshire. Four of the 14 units in the complex have been converted to residential use.
Key Highlights
- 1,240‑square‑foot commercial condominium
- Currently used for storage; plumbing, heating, and electrical work needed for other uses
- Route 112 frontage near Lincoln’s downtown traffic light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,218
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,360
$264.4K
Cap Rate 7%
$188,829
$188.8K
Cap Rate 9%
$146,867
$146.9K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$20.1K $16.20/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$18.9K $15.23/SF
− OpEx
−$5.7K −$4.57/SF
NOI
$13.2K $10.66/SF
Area
Grafton County, NH
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,360
Cap Rate 7%
$188,829
Cap Rate 9%
$146,867
Alternative Uses
Best Use
Retail
$188.8K
$165.2K – $220.3K
NOI $13,218 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.8K
$238.7K – $318.2K
NOI $19,093 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 43%
Hotels & Casinos 5%
McDonald's
Dining
26,644 visits/mo
0.3 miles
Dunkin' Donuts
Dining
14,493 visits/mo
0.1 miles
7-Eleven
Shops & Services
13,714 visits/mo
0.2 miles
Mobil
Shops & Services
11,616 visits/mo
0.1 miles
BP
Shops & Services
5,832 visits/mo
0.2 miles
Demographics for 03251, NH
1,631
Population
2,722
Households
0.6
Avg Household Size
53
Median Age
42%
College-Educated
90%
High-School Grad
66.3 sq mi
ZIP Area
25
Density / Sq Mi
$65,990
Median Household Income
$35,683
Median Earnings
$972
Median Rent
$312,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The space is currently used for storage and requires plumbing, heating, and electrical work for other uses.
Where is this retail space located?
The property is located at 78 Main Street # 4a Lincoln, NH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,240‑square‑foot commercial condominium; Currently used for storage; plumbing, heating, and electrical work needed for other uses; Route 112 frontage near Lincoln’s downtown traffic light
