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    166 Main St Hillsborough, NH 03244

    Sponsored
    For Sale
    $3,400,000

    Multi-tenant flex space, high ROI.

    Property size:
    45,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property in Hillsborough, NH, presents a compelling investment opportunity. Encompassing 45,000 to 70,519 square feet across three buildings, this Class B industrial complex boasts 11 versatile units ideal for a variety of uses. Built in 1966 and renovated in 1988, the property features 20-foot ceilings, concrete floors, and ample three-phase power. Loading docks, receiving bays, and 247+ parking spaces cater to efficient operations and customer convenience. Recent upgrades include a forced hot air/waste oil furnace, multiple lifts, and a commercial exhaust system. The property sits on a 4.8-acre lot with 586 feet of frontage on W Main Street, zoned COMM-WS, allowing for diverse commercial applications. Currently 91.11% occupied, generating a strong NOI of $253,561 and a 7.46% cap rate, this property offers significant potential for growth and redevelopment. The asking price is $3,400,000, with a price per unit of $309,090.91. The property's features make it suitable for various businesses, including automotive, retail, light manufacturing, distribution, and more. Potential buyers are responsible for conducting their own due diligence regarding square footage.

    Property Features for 166 Main St

    General Information

    Property type
    Life science properties
    Square Feet
    45,000 SF
    Class
    B
    Lot Size
    209,088 SF

    Building Details

    Year Built/Renovated
    1966/1988
    Buildings
    3
    Stories
    2
    Units
    11

    HighLights

    • 45,000 - 70,519 SF of Class B industrial space in Hillsborough, NH, across three buildings.
    • 11 versatile units, ideal for various uses.
    • Built in 1966, renovated in 1988, featuring 20‑foot ceilings, concrete floors, and three‑phase power.
    • Zoned COMM‑WS, offering diverse commercial applications.
    • Prime Hillsborough location with 586 feet of frontage on W Main Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.906858538267
    Latitude
    43.110188168331

    Nearby Comparable

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    Nearby Similar for Sale

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      Hillsborough Industrial Space - Main St.

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    FAQs

    What type of property is this?
    Life science property - Multi-tenant flex space, high ROI.
    Where is this life science property located?
    The property is located at 166 Main St Hillsborough, NH.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 45,000 - 70,519 SF of Class B industrial space in Hillsborough, NH, across three buildings.; 11 versatile units, ideal for various uses.; Built in 1966, renovated in 1988, featuring 20-foot ceilings, concrete floors, and three-phase power.
    Request Owner's contact information
    166 Main St Hillsborough, NH 03244
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    Hillsborough, NH 03244
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    166 Main St Hillsborough, NH 03244
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