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Property profile & analytics
FOR SALE
Retail properties & Spaces

365 Portsmouth Ave Greenland, NH 03840

4,639 SF 0.4 ac lot Built 1920
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US58-0293608
Property summary
AI-generated overview

This exceptional commercial real estate offering presents a unique investment opportunity in Greenland, NH. The property encompasses two abutting parcels totaling 1.8 acres, boasting over 1049 feet of road frontage on Route 33 and Portsmouth Avenue. This prime location ensures high visibility and significant traffic exposure at a controlled intersection, ideal for a variety of commercial ventures. One parcel currently houses the established Suds-N-Soda Store, providing immediate income potential or a strong foundation for expansion. The second parcel features a single-family home, offering flexibility for redevelopment or continued residential use. The combined 4,639 square feet of buildable space across both lots presents substantial development potential. The property's size and location make it exceptionally well-suited for a range of commercial uses, from retail and restaurants to professional offices or mixed-use developments. The significant road frontage and high traffic count provide unparalleled exposure for any business. This is a rare opportunity to acquire a substantial commercial property in a thriving New Hampshire community. The property is priced at $2,495,000 and offers significant upside potential for the astute investor. The combined parcels offer a unique blend of existing commercial operation and residential potential, making this a truly versatile and attractive investment.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1920
Construction FRAME
Total area 4,639 SF
Lot 0.4 ac (17,424 SF)
Zoning code COM
APN GRNL M:R B:21 L:67
UPID US58-0293608
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$690k
Owner & transaction history
MACS TRUST
MACS TRUST
Zoning & alternative use
COM · Greenland, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.1M +6.5%
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More about this property
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