289 Milton Road

Rochester, NH 03867

About this property

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.

Features and Additional Information

Schedule a Tour
It's free and no obligation

Schedule a Private Showing

$549,999 Under Contract
0 SQFT

Presented By Pat Clancey

Agent Image
Get in touch today! Phone: 1-603-883-6565
Brokerage
RE/MAX Shoreline
1-603-431-1111
Curious to find out what your home is worth?
Get My Home's Worth arrow_forward

Area Information

Strafford | NH Strafford County |

$ 549,999
This listing is play_arrow 66.7% higher than the average in the area
$ 329,900 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
316 days on site
This listing is play_arrow 544.9% above the average in the area
49 days on site in the area

Schools in the Area

  • turned_in
    Elementary School
  • turned_in
    Middle School
  • turned_in
    High School

Want to See More Listings in the Area?

Listed By Andy Yau
Brokerage: RE/MAX Shoreline

Schedule a Private Showing

It's free and no obligation

Have Questions? Contact
Pat Clancey

Real Estate Links Our Domains