174 Main St, Franklin, NH 03235-1020
This exceptional 32,417 square foot industrial mill building presents a unique investment opportunity in Franklin, NH. Situated on a 2.4-acre lot, the property boasts stunning Pemigewasset River and waterfall views, ensuring high visibility from N Main Street. The building has undergone a complete renovation, including a new roof, 5.2-inch insulated ceiling, spray foam window insulation, new windows and frames, a new subfloor, and the completion of asbestos and lead abatement. Exterior improvements include new garage doors, exterior doors, and a retaining wall. Interior features include a 480-volt service, 14-foot high ceilings, new lighting, an elevator shaft, three bay doors, a loading dock, and a drive-in dock. An additional lot across the street, currently used for parking, is included. The property's former hydro-powered system offers potential for state grant funding upon conversion. Public water and sewer are available, and natural gas service is in place. The flexible zoning allows for a variety of uses, including affordable housing, office space, manufacturing, retail, fitness centers, or wellness facilities. The seller is open to purchase, lease, build-to-suit options, and seller financing. This property offers unparalleled potential for a wide range of commercial ventures.
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
Property description
Physical attributes from public recordsZoning & alternative use
B1W&S · Franklin, NHFranklin. Always verify with local authorities before improvements.
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.