Corner Property Redevelopment
For Sale
$699,000
9 Chestnut Street, Dover, NH 03820
Four-story mixed-use property with redevelopment potential.
Property Size6,598 SF
Lot Size0.11 Acres
Price / SF$105.94
Days on Market264
Property Features for 9 Chestnut Street
General Information
Standard status
Active
Size
6,598 SF
Lot size
0.11 Acres
Property subtype
Commercial
Zoning
CBD-G
Building Details
Year Built
1850
Listing Agency:
KW Coastal and Lakes & Mountains Realty
(603) 610-8560
Listed By:
Ben Airey
(603) 834-2242
Source:
Churchillprop
Added: Jan 19
Changed: Oct 7
Last Checked: Oct 9 at 5:28PM
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
Investment Insights
Based on property information with market context.
Located at the corner of Chestnut and Lincoln St., this four-story property presents a compelling redevelopment or adaptive reuse opportunity. The property is zoned for multiple uses, including residential on upper floors, professional offices, retail, and personal services, offering flexibility to match a wide range of business or investment strategies. Currently home to a well-established and long time automotive parts business, the property sits on a 0.11 acre parcel and includes office space plus 5 parking spaces. The location offers high exposure with endless potential. The walk score is 81, indicating it is very walkable, and the bike score is 35, indicating it is somewhat bikeable.
Key Highlights
- High Walk Score (81) - Very Walkable Location
- Flexible Zoning - Multiple Uses Permitted (Residential, Office, Retail, Services)
- Redevelopment or Adaptive Reuse Opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,773
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,460
$1.2M
Cap Rate 7%
$882,471
$882.5K
Cap Rate 9%
$686,367
$686.4K
Market Conditions
NOI Build-Up for 6,598 SF
Gross rent
$116.4K $17.64/SF
− Vacancy
−$4.1K −$0.62/SF
EGI
$112.3K $17.02/SF
− OpEx
−$50.5K −$7.66/SF
NOI
$61.8K $9.36/SF
Area
Strafford County, NH
Vacancy
3.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,235,460
Cap Rate 7%
$882,471
Cap Rate 9%
$686,367
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.50M
NOI $90,097 @ 7.0% cap · market cap 12.89%
Second Best
Retail
$1.14M
$999.7K – $1.33M
NOI $79,976 @ 7.0% cap · market cap 11.44%
Theoretical Best
Office A
$1.77M
$1.54M – $2.06M
NOI $123,562 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,426
Businesses Nearby
Explore this area
Business Placement
Demographics for 03820, NH
32,800
Population
15,460
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
1,201
Density / Sq Mi
$92,793
Median Household Income
$53,890
Median Earnings
$1,540
Median Rent
$397,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story mixed-use property with redevelopment potential.
Where is this mixed-use property located?
The property is located at 9 Chestnut Street Dover, NH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: High Walk Score (81) - **Very Walkable Location**; Flexible Zoning - Multiple Uses Permitted (Residential, Office, Retail, Services); Redevelopment or Adaptive Reuse Opportunity
