1 Somersworth Plz Somersworth, NH 03878-3225
This exceptional 8,400 square foot retail space at 1 Somersworth Plaza in Somersworth, NH, presents a compelling investment opportunity. Located in a vibrant downtown area, this property boasts a highly desirable location near the Maine border, ensuring excellent accessibility and exposure to a broad customer base. The property features ample on-site parking, a significant advantage for both customers and employees. The building's strategic placement within the downtown core provides high visibility and foot traffic, maximizing potential for business success. This is a rare chance to acquire a substantial retail space in a growing market. The property's proximity to a planned development of approximately 154 residential units promises increased foot traffic and a burgeoning local customer base in the near future. The 0.19-acre lot provides ample space for convenient parking and potential future expansion. The asking price of $350,000 represents a strong value proposition for an established retail space in a thriving location. This property is ideal for a variety of retail businesses seeking a prominent presence in a dynamic and expanding community. Don't miss this opportunity to secure a prime retail location in Somersworth, NH.
This district is provided for retail, commercial and light industrial uses in areas where such uses historically have been located, and in which current use densities and features of the land make the rigid application of dimensional controls and parking requirements difficult to apply (i.e., in the Central Business District). Harmonious non-residential uses…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B · Somersworth, NHThis district is provided for retail, commercial and light industrial uses in areas where such uses historically have been located, and in which current use densities and features of the land make the rigid application of dimensional controls and parking requirements difficult to apply (i.e., in the Central Business District). Harmonious non-residential uses are encouraged throughout the district. Additional residential uses are allowed only where such use is clearly subordinate to nonresidential use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.