289 Milton Rd Rochester, NH 03868
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High-potential, multi-tenant retail investment.
Property size:
3,015 SFProperty 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
Listing Agency: RE/MAX Shoreline Listing Agent: Andy Yau
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
Bars
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.