Property profile

171 Main St Berlin, NH 03570

OFF-MARKET
Retail properties & Spaces
Property ID
US58-0323634
5,280 SF 0.07 ac lot Built 1900
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 10,600 square foot retail property, situated on 0.07 acres at 171 Main Street in Berlin, NH, presents a remarkable investment opportunity. Located in the heart of Berlin's Main Street, this building boasts high visibility and foot traffic, ensuring optimal exposure for any business. The property features a built-in central vacuum system on both the first and second floors, promoting easy maintenance and efficiency. An insulated basement and attic contribute to energy efficiency and year-round comfort. The expansive attic space offers significant potential for expansion, possibly creating additional rooms, a studio, or office space. Safety is enhanced by a sprinkler system, while two bathrooms cater to the needs of customers or tenants. Overly wide staircases facilitate easy movement of goods and create a welcoming atmosphere. The property also benefits from convenient front and rear entrances, offering flexibility in layout and access. This well-maintained building is ready for its next chapter, awaiting a visionary owner to unlock its full potential. Don't miss this chance to establish your business in a thriving downtown location.

Property profile

Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,280 SF
Lot 0.07 ac (3,049 SF)
Zoning code DT
APN BELN M:00119 B:000055 L:000000
UPID US58-0323634

Cap rate & NOI

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

Location

171 Main St Berlin, NH 03570-2417
Berlin metro Census 950800 BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$115k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2022
Last sale
$170,000
2 recorded transactions
2022
$170,000
2015
$2,667

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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