515 Main St, Gorham, NH 03581-4901
This exceptional commercial property at 515 Main Street in Gorham, New Hampshire, presents a lucrative investment opportunity. The main building, totaling 5,601 square feet, is well-maintained and currently houses two long-term tenants, ensuring a stable income stream. A significant portion of the building is dedicated to storage, offering considerable flexibility. This space could be easily converted into additional rental units to increase revenue, or leased as-is to a suitable tenant. Adding to the property's value is a separate, detached cold storage building, also currently leased, providing further rental income potential. The property boasts a highly desirable location, enjoying close proximity to major retailers such as Walmart, Tractor Supply, and Marshalls, ensuring high visibility and significant foot traffic. The expansive 3.25-acre lot provides ample space and boasts an impressive 321 feet of road frontage, maximizing exposure to potential customers and enhancing the property's overall appeal. This combination of existing income, development potential, and prime location makes this a truly exceptional investment opportunity in a thriving commercial area. The property is offered at $815,000.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CB · Gorham, NHGorham. 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.