45 Hancock St Rochester, NH 03867
- Auto shops
- 8,845 SF
- 0.42 lot acres
Current Use by Public Records
- Scrubbing Board Laundromat / Laundromat
- NAPA Auto Parts / Car Battery Store / Racing Car Parts Store
Property Details for 45 Hancock St
- Year built
- 1968
- Construction
- FRAME
- Lot size
- 0.42 lot acres
- Property size
- 8,845 SF
- Zone code
- NMU
- Property type
- Auto shops
- APN
- RCHE M:0128 B:0026 L:0000
- APU
- RCHEM0128B0026L0000
Description
This exceptional investment opportunity presents a 9,220 square foot commercial property situated on a 0.42-acre lot at 45 Hancock Street in Rochester, New Hampshire. Currently leased to a long-term tenant under a triple net lease agreement, the property generates a substantial monthly income of $9,000, extending through July 2025, with a potential for renewal. This provides a secure and consistent cash flow for the investor. The property's strategic location offers unparalleled accessibility, placing it within minutes of key transportation arteries including Route 16 (Spaulding Turnpike) and Route 125. This prime location ensures high visibility and convenient access for both the tenant and potential future occupants. The property's size and configuration offer versatility for a range of commercial uses, making it an attractive investment for both short-term and long-term growth. The triple net lease structure further minimizes the owner's operational responsibilities, maximizing return on investment. This is a rare opportunity to acquire a stable, high-yielding commercial property in a thriving New Hampshire market. Don't miss out on this chance to secure a strong addition to your investment portfolio. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $410,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $410,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $320,000
- Retail
- $375,000
- Mixed-Use
- $380,000
- Hospitality
- $360,000
- Educational
- $340,000
- Residential Income
- $385,000
- Energy
- $380,000
- Income-Based Land
- $425,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.9726
- Latitude
- 43.2943
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
