42 Main StAntrim, NH 03440

Property Details for 42 Main St

Year built

1900

Construction

FRAME

Lot size

2.07 AC

Property size (Sq ft)

35,789 SF

Zone code

VILLAG

Property type

Office properties

Property subtype

Office buildings

APN

ANTR M:104 B:106

APU

ANTRM104B106

Description

This exceptional redevelopment opportunity in Antrim, NH, presents two buildings totaling 35,789 square feet on separate lots, plus a parking lot across the street. The property, situated on Main Street, enjoys a high walk score and prime location on a major commuting route. One building, facing Main Street, currently houses commercial tenants and one residential apartment, offering immediate income potential and significant renovation possibilities. The adjacent building, on High Street, separated by a small stream, is ready for conversion into additional residential units or other uses. The third lot provides ample parking. The property boasts 36 units across two buildings, built in 1900, and sits on a combined lot size of 89,595 square feet. Zoned Village Business W + S, this property offers a unique blend of existing income and substantial upside potential for developers seeking to capitalize on the growing demand for housing in a charming New Hampshire town. The asking price is $950,000. This is an ideal project for those seeking to contribute to the housing needs of the area while enjoying the benefits of a vibrant downtown location. The property's multi-use zoning allows for flexibility in development plans, catering to a variety of needs and maximizing investment returns.

• CAP approach

  CAP return

  Valuation

  6%

  $6,525,717

  6.5%

  $6,023,738

  7%

  $5,593,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,682,476

  Geo Method

  $4,676,190

• Alternative Use

  Use

  Valuation

  Residential

  $7,469,436

  Hospitality

  $6,841,963

  Educational

  $5,692,433

  Medical

  $5,888,204

  Retail

  $8,854,896

Location Insight

City

Antrim

County

Hillsborough

State

New Hampshire

Latitude

43.0277

Longitude

-71.9383

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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