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Property profile & analytics
OFF-MARKET Estimated value $265,000
Retail properties & Spaces

199 Main St Troy, NH 03465-2665

2.54 ac lot
Individually Owned 17-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
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k
Owner & transaction history
Joiel E Thompson · 17 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
Zoning description

The purpose of HB zone is to provide an area in town where commercial activity can locate without impinging on the residential neighborhoods by way of increased traffic, visual and other effects of commerce that are incompatible with residential uses

Zone name Highway Business
General category COMMERCIAL
Zone area 236.76 ac
Source Realmo
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