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    Property profile & analytics
    OFF-MARKET Estimated value $825,000
    Showrooms

    40 Canal St, Lancaster, NH 03584-3163

    23,665 SF 2.8 ac lot Built 1915
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US58-0330640
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1915
    Construction STEEL FRAME
    Total area 23,665 SF
    Lot 2.8 ac (121,968 SF)
    Zoning code C-COMM
    APN LNCS M:P07 L:006
    UPID US58-0330640
    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
    • Martin Lord & Osman PA Law Firm
    • Edward Jones - Financial Advisor: Gary P Puleo Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $530k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $807k
    Blend (final) Blend
    $825k
    Owner & transaction history
    Thompson Mill Properties LLC · 7 yrs held
    Thompson Mill Properties LLC
    since 2018
    3 recorded transactions
    2018
    2008
    2001
    $361,000
    Zoning & alternative use
    C-COMM · Lancaster, NH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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