230-232 Main St Gorham, NH 03581
This exceptional commercial property at 230-232 Main Street in Gorham, NH, presents a unique investment opportunity. Situated on a 1.2-acre lot directly on busy Routes 16 and 2, next to McDonald's, this two-story building boasts 8,932 square feet of space. The main floor features multiple office spaces, with half currently leased to an established tenant. Upstairs, a cozy one-bedroom apartment provides additional income potential. This apartment is currently partially finished, offering significant upside for expansion into more living space or additional office areas. The property includes ample parking in both the front and rear, with a large backyard extending to the Androscoggin River. Its convenient location offers easy access to local trails and the attractions of the North Country and White Mountains, making it ideal for a variety of businesses. The high visibility and established tenant base make this a strong investment with significant potential for growth and increased revenue. The combination of commercial and residential space provides a diversified income stream, making it an attractive option for savvy investors seeking a property with both immediate and long-term returns. The large lot and river access add to the property's overall appeal and potential for future development.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CA · Gorham, NHNo recorded transactions found for this property.
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.