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    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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