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66 S Main St Rochester, NH 03867

Banks Google Maps
6,862 SF 0.59 ac lot Built 1960
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$355k
Range $320k – $391k (±10%)
Property ID US58-0286523

Property summary

AI-generated overview

This exceptional 6,862 square foot retail property, located at 66 S Main St in Rochester, New Hampshire, presents a unique investment opportunity. The building, constructed in 1960, boasts a two-story design and sits on a 0.59-acre lot within the Downtown Commercial Zone. The property features a convenient two-lane drive-thru, a significant advantage for various retail uses, and ample parking with 28 spaces. The building's former use as a bank branch offers a solid foundation for a variety of commercial ventures, benefiting from its established infrastructure and high visibility location on a main thoroughfare. The sale is conducted through a modified bid process, eliminating any banking deed restrictions or minimum bid requirements, allowing for flexible and competitive offers. This freestanding building offers significant potential for redevelopment or repurposing, making it an attractive option for savvy investors seeking a prime retail space in a thriving downtown area. The property's size, location, and existing features combine to create a compelling opportunity for a wide range of businesses. The property is zoned for Downtown Commercial use, providing flexibility for various commercial applications.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1960
Construction FRAME
Total area 6,862 SF
Lot 0.59 ac (25,700 SF)
Zoning code DTC
APN RCHE M:0120 B:0337 L:0000
UPID US58-0286523

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
  • Atm Financial Consultant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

DTC · Rochester, NH
Zoning description

Provide for a mix of uses within the zone, Preserve existing historic architectural structures and designs, Provide for the adaptive reuse of existing historic and non-historic structures

General category COMMERCIAL

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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More about this property
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