9 Front St Rollinsford, NH 03869
- Retail properties
- 207,535 SF
- 4.15 lot acres
Current Use by Public Records
- Retail properties
Property Details for 9 Front St
- Year built
- 1848
- Lot size
- 4.15 lot acres
- Property size
- 207,535 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
The Mills at Salmon Falls, a unique mixed-use investment opportunity in Rollinsford, New Hampshire, presents a compelling acquisition prospect. This historic property, encompassing two buildings constructed in 1848 and 1865, boasts a total of 207,535 square feet, with 150,000 square feet of net rentable space currently 97% occupied by over 170 tenants. The diverse tenant base includes art studios, manufacturing facilities, and various other businesses, reflecting the property's adaptability and strong rental income. The property features modern amenities seamlessly integrated into its historic charm, including high-speed internet, energy-efficient lighting, updated heating and electrical systems, new fire sprinklers, and improved fire escapes. Three loading docks, two freight elevators, and a passenger elevator in the Lower Mill cater to efficient operations. Ample parking is provided with over 300 spaces. The 4.15-acre lot is zoned for mill use, with the potential for residential units on certain floors subject to special exceptions. The property's strategic location offers easy access to major transportation arteries, including proximity to The Downeaster, Portsmouth, Pease International Airport, Manchester Airport, and Boston Logan International Airport. Extensive environmental remediation work was completed in the 1990s and 2000s, with documentation available through the NH Department of Environmental Services. The asking price is $19,995,000, representing a price per square foot of $96.35. The property is offered as a limited partnership (LP) with multiple lease options available. Detailed lease terms and expirations are available upon execution of a non-disclosure agreement. The Lower Mill is located in a flood zone and subject to stormwater overlay regulations. All inquiries are welcome.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rollinsford
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.8417
- Latitude
- 43.2241
