1 Main St Rochester, NH 03867-1946
- Office buildings
- 15,684 SF
- 0.43 lot acres
Current Use by Public Records
- Michael Healey, MetLife Auto | Home | Life | Business / Insurance Agency
- Empire Beauty School / Trade School
- Watson Office Services / Toner Cartridge Supplier
- Lisabeth Wotherspoon / Psychotherapist / Counselor
- LPL Financial- Steven T. Holly / Financial Planner / Musician
Property Details for 1 Main St
- Year built
- 1910
- Construction
- FRAME
- Lot size
- 0.43 lot acres
- Property size
- 15,684 SF
- Zone code
- DTC
- Property type
- Office buildings
- APN
- RCHE M:0121 B:0376 L:0000
- APU
- RCHEM0121B0376L0000
Description
This exceptional retail opportunity in downtown Rochester, NH, offers 8,600 square feet of immediately available space within a 23,742 square foot multi-tenant building at 1 North Main St, 03867. Previously occupied by a bank, the space boasts a highly desirable corner location at the intersection of South and North Main Street, ensuring excellent visibility and ample natural light from its 20 windows. The layout includes several private offices, conference rooms, a break room/kitchenette, multiple bathrooms, and several safes, offering flexibility for various retail or office configurations. The space is divisible to a minimum of 2,000 square feet and up to a maximum contiguous space of 8,600 square feet, accommodating a range of business needs. Three entrances on two streets provide convenient access. The building offers 21 parking spaces for tenant and customer use. The landlord is motivated to secure reliable tenants and is open to negotiating lease terms, including deferred rent and tenant improvements, to facilitate a successful partnership. This location benefits from its position within a revitalizing downtown area experiencing significant ongoing construction projects and numerous nearby leisure options, creating a vibrant and attractive environment for businesses. The space's adaptability and prime location make it an ideal opportunity for a variety of retail concepts, potentially including outdoor dining options.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $645,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $660,000
- 6.5%
- $565,000
- 7%
- $595,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $535,000
- Geo Method
- $645,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $640,000
- Retail
- $520,000
- Mixed-Use
- $500,000
- Hospitality
- $565,000
- Educational
- $505,000
- Residential Income
- $665,000
- Energy
- $675,000
- Income-Based Land
- $675,000
- Food Service
- $630,000
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.9764
- Latitude
- 43.3046
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA