Property profile

515 Main St Gorham, NH 03581

OFF-MARKET
Commercial real estate
Property ID
US58-0059083
2,240 SF 3.25 ac lot Built 1986
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1986
Construction FRAME
Total area 2,240 SF
Lot 3.25 ac (141,570 SF)
Zoning code CB
APN GORH M:U11 L:4
UPID US58-0059083

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Community Center Social Service Agency
  • Counselor

Location

515 Main St Gorham, NH 03581-4901
Gorham metro Census 950900 BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$620k

Owner & transaction history

since 2021
Last sale
$450,000
5 recorded transactions
2021
$450,000
2011
Price N/A
2010
Price N/A
2000
$50,000
1969
Price N/A

Zoning & alternative use

CB · Gorham, NH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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