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Income Producing Commercial Asset
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166 W Main St, Hillsborough, NH 03244

Multi-use building with income and expansion potential.

Property Size45,000 SF
Price / SF$75.56
Days on Market684

Property Features for 166 W Main St

General Information

Standard status Active
Size 45,000 SF
Class B
Total Parking Spaces 247
Property subtype Industrial
Zoning COMM-WS
Occupancy 91%
Lease Type Gross
Investment Type Owner/User
Net Operating Income $193,910

Building Details

Year Built 1966
Year Renovated 1988
Buildings 3
Stories 2
Units 11
Tenancy Multi
Listing Agency: KW Commercial
Listed By: Krissy LaPorte · License #069071
Source: Crexi
Added: Oct 20, 2024 Changed: Aug 25 Last Checked: Sep 1 at 3:46AM

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 Commercial

Investment Insights

Based on property information with market context.

This income-producing commercial asset features concrete floors and high ceilings. The building is equipped with 110/220/208 three-phase power, compressed air, HVAC, and LED lighting. Loading docks and receiving bays facilitate efficient operations. A paved, well-lit parking lot accommodates over 247 vehicles, suitable for inventory display or customer parking, with additional parking options available. One unit includes a forced hot air/waste oil furnace, one tandem axle lift, one single axle lift, a four-post 12,000 lb. lift, and a commercial overhead exhaust system. Offices throughout the 45,000 square foot building offer multiple configurations. The property is configured as an income-producing asset with the flexibility to support various owner-occupant businesses, including automotive sales or service, equipment sales and service, retail showroom with warehouse, light manufacturing or assembly, distribution or logistics, service and parts operations, garden or outdoor retail, or a commercial business incubator. This positive cash flow property offers a prime location and significant growth potential. It is an excellent owner/user investment, offering redevelopment or expansion options. Located on West Main Street, Route 149, it is approximately half a mile from Route 202 and Route 9, twenty-five minutes from Keene, and twenty minutes south to Peterborough or toward I 89. A new eighty-four unit workforce housing development across the street supports access to potential employees.

Key Highlights

  • Income‑producing commercial asset with positive cash flow and additional space for lease.
  • Prime location on West Main Street (Route 149) near major routes and a new workforce housing development.
  • Equipped with 110/220/208 three‑phase power, compressed air, HVAC, LED lighting, loading docks, and receiving bays.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

227
Businesses Nearby
Well-served
Demand for This Use

Demographics for 03244, NH

8,001
Population
3,667
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
95%
High-School Grad
82.5 sq mi
ZIP Area
97
Density / Sq Mi
$93,886
Median Household Income
$51,022
Median Earnings
$1,112
Median Rent
$252,900
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Multi-use building with income and expansion potential.
Where is this flex space located?
The property is located at 166 W 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: Income‑producing commercial asset with positive cash flow and additional space for lease.; Prime location on West Main Street (Route 149) near major routes and a new workforce housing development.; Equipped with 110/220/208 three‑phase power, compressed air, HVAC, LED lighting, loading docks, and receiving bays.
(603) 232-8282 Call to check price and availability
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