115/117 Main St Colebrook, NH 03576
This exceptional multi-family property at 115/117 Main Street, Colebrook, NH, presents a rare investment opportunity in the heart of town. The 7,102 square foot building sits on a sizable 1.4-acre lot, offering significant potential for future development or expansion. The property includes remodeled owner's quarters, a currently rented storefront, and three additional apartments, all in excellent condition. Recent upgrades include exterior painting, a standby generator, a new utility shed, some new flooring, an upgraded video surveillance system, a new garage overhead door, and a new private direct entry from the garage to the building. The property boasts a newly paved driveway off Main Street with access to town water and sewer. The adjacent, nearly full-acre lot, is fenced and level, presenting possibilities for additional commercial development (such as a restaurant or motel) or simply a lucrative resale opportunity. All systems are well-maintained and in excellent working order. This versatile property has a rich history, having served as a post office, hospital, inn, tavern, and most recently, the home of Nugent Motor Company and currently, Creative Natives, a thriving gallery. This is a chance to own a piece of Colebrook's history while capitalizing on its promising future. The asking price is $1,200,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.