892 Lafayette Rd Hampton, NH 03842-1250
- Showrooms
- 1,680 SF
- 0.50 lot acres
Current Use by Public Records
- Showrooms
Property Details for 892 Lafayette Rd
- Year built
- 1978
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.50 lot acres
- Property size
- 1,680 SF
- Zone code
- B
- Property type
- Showrooms
- APN
- HMPT M:56 B:3
- APU
- HMPTM56B3
Description
This exceptional 3,360 square foot free-standing commercial/retail building enjoys a prime location on Route 1 (Lafayette Road) in Hampton, NH. The property boasts excellent visibility and signage opportunities, making it ideal for a variety of businesses. The generous lot size offers ample off-street parking. Town water, sewer, and natural gas services are readily available. The building's flexible layout allows for single or multiple occupancy, with the potential for owner-occupied use and rental income. Previous tenants included a doggy daycare, flower shop, and budget rental truck business, demonstrating the versatility of the space. The building features convenient access to both the main floor and a lower level, with multiple entrances including street-side, side doors, and rear access. An interior connection exists between the main floor and lower level. A significant advantage is the existing variance permitting residential owner occupancy in the downstairs apartment while operating a business upstairs. This presents a unique opportunity for an owner-user seeking both business space and residential accommodations. Currently vacant and easily shown. This is an excellent investment opportunity for both owner-users and investors alike.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $310,000
- 6.5%
- $355,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $345,000
- Mixed-Use
- $375,000
- Hospitality
- $390,000
- Educational
- $340,000
- Residential Income
- $370,000
- Energy
- $355,000
- Income-Based Land
- $315,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- Hampton
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -70.8337
- Latitude
- 42.9561
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA