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    OFF-MARKET
    Retail properties & Spaces

    199 Main St, Troy, NH 03465-2665

    2.54 ac lot
    Individually Owned 16-yr Hold Free & Clear
    Property ID
    US58-0082770
    Property summary
    AI-generated overview

    This exceptional commercial property presents a unique investment opportunity in Troy, New Hampshire. Located on a highly visible 2.54-acre lot directly on NH Route 12, a major thoroughfare connecting to the Greater Boston area, this property boasts unparalleled exposure. The main building, totaling 6,100 square feet, currently houses a successful restaurant tenant, generating immediate income potential. The restaurant features a dedicated function room, two restrooms, and substantial storage space. A large warehouse is also included, complete with two convenient loading docks. This provides flexibility for a variety of uses, from continued restaurant operation to conversion into office or retail space. Ample off-street parking is available, catering to both employees and customers. A secondary building, measuring 740 square feet, offers additional space, equipped with heat and electricity, ideal for office use or expansion of existing operations. Existing signage ensures maximum visibility for any business. The property's location near Keene, NH, further enhances its appeal and accessibility. This is a rare opportunity to acquire a well-positioned, income-generating property with significant potential for growth and diversification in a thriving business zone.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group DEPARTMENT STORE
    Lot 2.54 ac (110,642 SF)
    Zoning code HB
    APN TROY M:020 B:0028 L:0000
    UPID US58-0082770
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Royal Spice Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Joiel E Thompson · 16 yrs held
    Joiel E Thompson
    since 2009
    3 recorded transactions
    2009
    $105,000
    2008
    $140,000
    2004
    $160,000
    Zoning & alternative use
    HB · Troy, NH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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