Mixed-Use Property with Streetfront
New
For Sale
$375,000
80 Chestnut Hill Road, Rochester, NH 03867
Neighborhood Mixed Use zoning pairs street-facing commercial space with a two-bedroom apartment on the same property.
Property Size2,254 SF
Price / SF$166.37
Days on Market5
Property Features for 80 Chestnut Hill Road
General Information
Standard status
Active
Size
2,254 SF
Property subtype
Multi-Family
Zoning
NMU
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Asking Price
$375,000
Amenities
attached carport
paved parking
grandfathered sign
Building Details
Year Built
1920
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Boston Realty Advisors
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 4:09PM
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 Boston Realty Advisors
Investment Insights
Based on property information with market context.
Built in 1920, the 2,254-square-foot property combines approximately 1,400 square feet of open, street-facing commercial space with a two-bedroom apartment. The commercial area has operated as a TV repair shop for more than twenty years. A long-term tenant currently occupies the apartment. Exterior features include an oversized grandfathered street sign, an attached carport, paved parking in front, and a deep lot behind the building.
The property is at 80 Chestnut Hill Road in Rochester, between downtown and The Ridge, with access to Routes 16, 11, and 125. Its Neighborhood Mixed Use zoning allows some listed commercial uses by right; other uses require town approval. Buyers should confirm a proposed use with the City of Rochester.
The property is at 80 Chestnut Hill Road in Rochester, between downtown and The Ridge, with access to Routes 16, 11, and 125. Its Neighborhood Mixed Use zoning allows some listed commercial uses by right; other uses require town approval. Buyers should confirm a proposed use with the City of Rochester.
Key Highlights
- 2,254‑square‑foot mixed‑use property built in 1920
- Approximately 1,400 square feet of open, street‑facing commercial space
- Two‑bedroom apartment occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,321
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,420
$546.4K
Cap Rate 7%
$390,300
$390.3K
Cap Rate 9%
$303,567
$303.6K
Market Conditions
NOI Build-Up for 2,254 SF
Gross rent
$40.6K $18.00/SF
− Vacancy
−$1.5K −$0.68/SF
EGI
$39.0K $17.32/SF
− OpEx
−$11.7K −$5.19/SF
NOI
$27.3K $12.12/SF
Area
Strafford County, NH
Vacancy
3.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,420
Cap Rate 7%
$390,300
Cap Rate 9%
$303,567
Alternative Uses
Best Use
Retail
$390.3K
$341.5K – $455.4K
NOI $27,321 @ 7.0% cap · market cap 7.29%
Second Best
Mixed Use
$323.9K
$283.4K – $377.9K
NOI $22,674 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$603.0K
$527.6K – $703.5K
NOI $42,211 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Neighborhood Mixed Use zoning pairs street-facing commercial space with a two-bedroom apartment on the same property.
Where is this mixed-use property located?
The property is located at 80 Chestnut Hill Road Rochester, NH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,254‑square‑foot mixed‑use property built in 1920; Approximately 1,400 square feet of open, street‑facing commercial space; Two‑bedroom apartment occupied by long‑term tenants
