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    OFF-MARKET
    Commercial real estate

    515 Main St, Gorham, NH 03581-4901

    2,240 SF 3.25 ac lot Built 1986
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US58-0059083
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ladr Properties LLC · 5 yrs held
    Ladr Properties LLC
    since 2021
    Last sale
    $450,000
    5 recorded transactions
    2021
    $450,000
    2011
    2010
    2000
    $50,000
    1969
    Zoning & alternative use
    CB · Gorham, NH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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