$549,999 $2,953 est/mo Sourced by Back At You

289 Milton Road,Rochester, NH 03867

Rochester NH, 03867

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Description

Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, you’ll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.

Details

MLS#4956037
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site311
Listing Provided ByRE/MAX Shoreline | Andy Yau

Features

ZoningHC
Acreage1.00

Market Activity 03867



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Learn More About This Property

StateNH
CountyNH Strafford
CityRochester
Zip Code03867
AreaStrafford
Listing VS Median (in 03867)
Price:
$549,999
low | high
Med:
$329,900
90.018072760132% of Average
On Site:
311
low | high
Med:
289.000000
100% of Average
Sourced by Back At You
Listing Updated: April 23, 2024 at 8:22:14 AM PDT
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