Property profile

151 Main St Berlin, NH 03570

FOR SALE
Retail properties & Spaces
Property ID
US58-0080312
10,145 SF 0.14 ac lot Built 1910
Individually Owned 7-yr Hold Absentee Owner Free & Clear
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For Sale
Contact for pricing 10,145 SF
151 Main St, Berlin, NH 03570
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Property summary

AI-generated overview

This exceptional 0.14-acre commercial property, located at 151 Main Street in Berlin, New Hampshire (zip code 03570), presents a unique investment opportunity. The property features a substantial 10,000 square foot building constructed in 1910 and extensively renovated between 2008 and 2010. The two-level building boasts beautiful original features including tin ceilings, woodwork, and marblewood flooring, complemented by modern updates throughout. Currently vacant, the property offers versatile space suitable for a variety of uses, including retail, office, restaurant, or even residential conversion. The building's grand lobby, multiple rental spaces, shared kitchen, conference room, and restrooms provide ample flexibility. Its prime location on Main Street in Berlin, a vibrant community nestled in the scenic North Country, offers excellent access to a diverse customer base, including outdoor enthusiasts drawn to the area's hunting, fishing, and snowmobiling opportunities. The property's rich history is showcased in its entrance, adding to its unique character and appeal. Detailed information will be provided to qualified buyers upon request. The asking price is $380,000.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,145 SF
Lot 0.14 ac (6,098 SF)
Zoning code DT
APN BELN M:00119 B:000053 L:000000
UPID US58-0080312

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

151 Main St Berlin, NH 03570
Berlin metro Census 950800 BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2018
Last sale
$130,000
3 recorded transactions
2018
$120,000
2009
Price N/A
2009
$175,000

Zoning & alternative use

DT · Berlin, NH
Zoning description

DOWNTOWN ZONE (DT) Sec. 17-91. Purpose The Downtown (DT) zone is intended to be the center or hub of the City of Berlin. Geographically, it covers the downtown area. The zone provides commercial, financial, retail, gover…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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