271 Derry RdLitchfield, NH 03052

Property Details for 271 Derry Rd

Year built

1988

Lot size

0.44 AC

Property size (Sq ft)

4,218 SF

Zone code

H COMH

Property type

Other commercial real estate

Property subtype

Showrooms

APN

LTCH M:00002 L:000003 S:000000

APU

LTCHM00002L000003S000000

Description

This newly remodeled (2018) professional office/retail building is situated on a highly visible 0.44-acre lot on Derry Road (Route 102) in Litchfield, New Hampshire. The building offers a total of 4,800 square feet, with 2,400 square feet on each of its two floors. Each floor is divisible to a minimum of 1,200 square feet, offering flexibility for various business needs. The second floor boasts convenient handicapped access, making it suitable for a wide range of professional services. The property's location provides excellent accessibility, with proximity to Nashua and the Massachusetts border ensuring a strong potential customer base. The building is ideal for an owner-occupier seeking a move-in ready space. Its complete renovation in 2016 ensures modern amenities and efficient functionality. The high visibility on a heavily trafficked road guarantees significant exposure for any business operating from this location. This presents a unique opportunity to acquire a well-maintained, versatile commercial property in a desirable location. The asking price is $659,900.

• CAP approach

  CAP return

  Valuation

  6%

  $1,025,121

  6.5%

  $946,266

  7%

  $878,675

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,388,832

  Geo Method

  $1,388,832

• Alternative Use

  Use

  Valuation

  Residential

  $798,211

  Hospitality

  $731,157

  Educational

  $608,314

  Medical

  $629,235

  Retail

  $946,266

Location Insight

City

Litchfield

County

Hillsborough

State

New Hampshire

Latitude

42.8092

Longitude

-71.4275

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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