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Mixed-Use Property in Conway, NH

9 East Side Road Conway, NH 03818

9 East Side Road, Conway, NH, 03818

$475,000

For Sale

$475,000

Two-unit multi with business space and rental income potential.

Property Size2,900 SF

Price / SF$163.79

AddedSep 16, 2025

Days on Market304

Last RefreshMar 17 at 7:07 am

Property Features for 9 East Side Road

General Information

Standard status: Active
Size: 2,900 SF
Property subtype: Multi Family

Building Details

Year Built: 1960

Listing office KW Coastal and Lakes & Mountains Realty/N Conway

Listing date Sep 16, 2025

Source Compass

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/N Conway

Investment Insights

Based on property information with market context.

This two-unit multi-use property in Conway, NH, presents an opportunity for investors and entrepreneurs. The property features space for a business on the main level and a two-bedroom apartment above, suitable for rental income or residential use. Previously a paint shop for over 50 years, the commercial space is ready for customization. The property abuts a canoe rental company's parking lot, offering summertime exposure for a business. The Historic Saco River Covered Bridge and Davis Park are nearby. The apartment has a month-to-month tenant, providing immediate income potential. The seller, a contractor, is willing to negotiate renovations or buildout to fit the buyer's needs. The property size is 2900 square feet.

Key Highlights

2‑unit multi with commercial space and a 2‑bedroom apartment.
Prime location abutting Saco Canoe Rental Company's parking lot for high visibility.
Immediate income potential with month‑to‑month tenant in apartment.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$62.6k	$21.60
− Vacancy	−$6.3k	−$2.16
EGI	$56.4k	$19.44
− OpEx	−$21.1k	−$7.29
NOI	$35.2k	$12.15

2,900 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$503.4K

$440.4K – $587.3K (±1% cap)

NOI $35,235 @ 7.0% cap · market cap 7.42%

Second Best

Multifamily LT 5

$481.9K

$421.7K – $562.2K (±1% cap)

NOI $33,733 @ 7.0% cap · market cap 7.10%

Theoretical Best

Office A

$724.1K

$633.6K – $844.8K (±1% cap)

NOI $50,688 @ 7.0% cap · market cap 10.67%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Mixed-use properties
NH
Conway
03818
9 East Side Road

What type of property is this?

Mixed-use property - Two-unit multi with business space and rental income potential.

Where is this mixed-use property located?

The property is located at 9 East Side Road Conway, NH.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: 2‑unit multi with commercial space and a 2‑bedroom apartment.; Prime location abutting Saco Canoe Rental Company's parking lot for high visibility.; Immediate income potential with month‑to‑month tenant in apartment.