40 Canal St, Lancaster, NH 03584-3163
The iconic Thompson Mills building, a 13,902 square foot structure situated on a 2.8-acre lot at 40 Canal Street in Lancaster, New Hampshire, presents a unique investment opportunity. This historically significant property, once home to the last wooden cog manufacturing company in the region, boasts a prime location on the banks of the Israel River. The building's substantial size and ample parking provide significant flexibility for a wide range of potential uses. Imagine transforming this landmark into a thriving brewery or restaurant, taking advantage of the stunning river views. Alternatively, the space could be redeveloped into luxury apartments, blending historical charm with modern amenities. Entrepreneurs could also envision a bustling retail center, a family-friendly recreational facility such as a bowling alley, or a practical warehouse space. The property's versatility and location offer a compelling proposition for investors seeking a landmark property with significant redevelopment potential. The asking price for this exceptional property is $575,000. This is a chance to acquire a piece of Lancaster's history and shape its future. The property's rich history and strategic location combine to create an unparalleled opportunity for a visionary investor. Don't miss this chance to acquire a truly remarkable property with immense potential.
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Martin Lord & Osman PA Law Firm
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Edward Jones - Financial Advisor: Gary P Puleo Financial Advisor
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
Property description
Physical attributes from public recordsZoning & alternative use
C-COMM · Lancaster, NHLancaster. Always verify with local authorities before improvements.
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.