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Property profile & analytics
FOR LEASE
Retail properties & Spaces

43 Grove St Peterborough, NH 03458

1.02 ac lot Built 1975
Entity Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US58-0572846
Property summary
AI-generated overview

This exceptional three-unit commercial property, located at 43 Grove Street in the heart of Peterborough, New Hampshire, presents a compelling investment opportunity for both owner-users and investors. Spanning 7,785 square feet on a 1.02-acre lot, this charming masonry building currently houses two thriving tenants: Thai Cafe and Monadnock Oil. Its rich history includes a previous occupant, a local chocolate and ice cream store, adding to its unique character and appeal. The building's prime location in downtown Peterborough ensures high visibility and foot traffic, benefiting from its proximity to major roadways like U.S. Route 202 and New Hampshire Route 101. Peterborough itself boasts a vibrant community, with a population of 6,418 (2020 census), situated along the Contoocook River. The town's strategic location, 38 miles west of Manchester and 72 miles northwest of Boston, provides easy access to a larger regional market. This versatile property offers endless possibilities for a variety of commercial uses, making it an attractive prospect for those seeking a strong foothold in a thriving New Hampshire market. The asking price is $1,500,000.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1975
Construction FRAME
Lot 1.02 ac (44,431 SF)
Zoning code COMMER
APN PTBR M:U017 B:027 L:000
UPID US58-0572846
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
  • Attar Herbs & Spices, llc Big Box & Wholesale Store
  • Monadnock Nutrition Services, LLC Physician
  • Thai Cafe Restaurant
  • CHRISTIN MARIE SAUCIER Physician
  • At the Grove Village Shops Department Store
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
NASUS TRUST LLC
NASUS TRUST LLC
Zoning & alternative use
COMMER · Peterborough, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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