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    289 Milton Rd Rochester, NH 03868

    Sponsored
    For Sale
    $495,000

    High-potential, multi-tenant retail investment.

    Property size:
    3,015 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in Rochester, NH, presents a compelling investment opportunity. Situated on a 1.4-acre lot with 620 feet of highway frontage, the property boasts two buildings: a 1,700 sq ft commercial building constructed in 2006, featuring restaurant equipment including coolers, and a 1,300 sq ft residential building built in 1970. The commercial building is currently vacant, offering immediate potential for lease income. The property's Highway Commercial zoning allows for potential subdivision and the addition of 2-3 multifamily units, significantly increasing the property's value. The current NOI is $58,300, yielding a potential cap rate of 11.78%, with a pro-forma NOI of $55,900 and a pro-forma cap rate of 11.29%. The asking price is $495,000, translating to $164.18 per square foot. The property features a triple net (NNN) lease structure with a one-year remaining lease term. The residential building offers a 4-bedroom layout with hardwood floors and wood trim, and a large backyard. Its proximity to major routes, amenities, and the Salmon River adds to its appeal. This property offers a unique blend of immediate income potential and significant long-term development opportunities. The total square footage is 3,015 net rentable square feet.

    Property Features for 289 Milton Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,015 SF
    Lot Size
    60,984 SF

    Building Details

    Buildings
    2
    Stories
    2
    Units
    2

    HighLights

    • Mixed‑use property in Rochester, NH, on a 1.4‑acre lot with 620 feet of highway frontage.
    • Two buildings: a 1,700 sq ft commercial building (2006) with restaurant equipment and a 1,300 sq ft residential building (1970).
    • Highway Commercial zoning allows for potential subdivision and addition of 2‑3 multifamily units.
    • 11.78% potential cap rate; current NOI $58,300, pro‑forma NOI $55,900.
    • Asking price: $495,000 ($164.18/sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Dental Office Auto Repair Shop Clothing Store Hotel & Motel Storage Facility Electrical Service Computer & Electronic Repair Cosmetics Store Plumbing Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9863736
    Latitude
    43.375275

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    FAQs

    What type of property is this?
    Individual retail property - High-potential, multi-tenant retail investment.
    Where is this individual retail property located?
    The property is located at 289 Milton Rd Rochester, NH.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Mixed-use property in Rochester, NH, on a 1.4-acre lot with 620 feet of highway frontage.; Two buildings: a 1,700 sq ft commercial building (2006) with restaurant equipment and a 1,300 sq ft residential building (1970).; Highway Commercial zoning allows for potential subdivision and addition of 2-3 multifamily units.
    Request Owner's contact information
    289 Milton Rd Rochester, NH 03868
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    Rochester, NH 03868
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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
    289 Milton Rd Rochester, NH 03868
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