List Price: $1,550,000 | $158 per sq.ft. Commercial
Space type Business w/ Real Estate,Free Standing Building,Lodging
Date Listed Monday Apr 28, 2025 | MLS# 5038155
Space type Business w/ Real Estate,Free Standing Building,Lodging
Date Listed Monday Apr 28, 2025 | MLS# 5038155
To see this Listing
Address: 626 West Main Street Hillsborough NH
Listed by Nick Turmel Tri-State Realty, LLC
Description:
4/28/2025 NEW LISTING. $$$ CASH COW GREAT INVESTMENT! 20%+ CAP RATE Potential. 17 Units Total: 13 Unit Motel, 2 BR Owners Qtrs, Office/common space units, 2 Studio Apts above Garage. 8.82 TOTAL ACRES includes 128 Dam Road Land Parcel. High demand for weekly extended stay occupants due to housing shortage, & lack of other area motel/hotels. Franklin Pierce Lake Views if you clear trees. High traffic count & visibility located at corner of intersection NH Routes 202/9, Route 31, Routes have names of Franklin Pierce Hwy, West Main Street, 2nd NH Turnpike. Property has 2 Curb Cuts at intersection! 2 Parcels Total 8.82 Acres (626 West Main St, & pics don't show lot lines for 128 Dam Rd. Land Parcel). Commercial Zoning on these state highways allows for many options for retail, residential & lots of other uses. Check with Town Zoning. Property is 30 miles to Keene & to Concord. Route 202 connects Keene to Seacoast running through Hillsborough & Concord. Over 11,000+ vehicles daily. Details provided are to the best of Seller's knowledge. Buyers responsible for their own due diligence for any research, inspections, measurements, town or other info verification, etc. Seller & their Agent make No guarantees or warranties. Property SOLD-AS-IS. MLS, NECPE, & on-line marketing subject to updated changes. Financial info available upon request. CASH ONLY or Cash-like Hard Money Loan. PROOF OF CASH or Hard-Money PRE-APPROVAL required to schedule showing. ***NO OWNER-FINANCING.***
Building Type : Business | Development | Hospitality | Investment | Land | Multi-Family | Office | Opportunity | Other | Retail
Disability Features : 1st Floor 1/2 Bathroom | 1st Floor 3/4 Bathroom | 1st Floor Bedroom | 1st Floor Low-Pile Carpet | Access Parking | Low Pile Carpet | Paved Parking | 1st Floor Laundry
Misc : Furniture Included | Inventory Included | Living Space Available | Showers | Heat Included | In-Unit Bathroom
Sale Includes : Additional Buildings | Equipment | Garage | Land/Building/Business | Furnishings
Listed by Nick Turmel Tri-State Realty, LLC
Description:
4/28/2025 NEW LISTING. $$$ CASH COW GREAT INVESTMENT! 20%+ CAP RATE Potential. 17 Units Total: 13 Unit Motel, 2 BR Owners Qtrs, Office/common space units, 2 Studio Apts above Garage. 8.82 TOTAL ACRES includes 128 Dam Road Land Parcel. High demand for weekly extended stay occupants due to housing shortage, & lack of other area motel/hotels. Franklin Pierce Lake Views if you clear trees. High traffic count & visibility located at corner of intersection NH Routes 202/9, Route 31, Routes have names of Franklin Pierce Hwy, West Main Street, 2nd NH Turnpike. Property has 2 Curb Cuts at intersection! 2 Parcels Total 8.82 Acres (626 West Main St, & pics don't show lot lines for 128 Dam Rd. Land Parcel). Commercial Zoning on these state highways allows for many options for retail, residential & lots of other uses. Check with Town Zoning. Property is 30 miles to Keene & to Concord. Route 202 connects Keene to Seacoast running through Hillsborough & Concord. Over 11,000+ vehicles daily. Details provided are to the best of Seller's knowledge. Buyers responsible for their own due diligence for any research, inspections, measurements, town or other info verification, etc. Seller & their Agent make No guarantees or warranties. Property SOLD-AS-IS. MLS, NECPE, & on-line marketing subject to updated changes. Financial info available upon request. CASH ONLY or Cash-like Hard Money Loan. PROOF OF CASH or Hard-Money PRE-APPROVAL required to schedule showing. ***NO OWNER-FINANCING.***
Building Type : Business | Development | Hospitality | Investment | Land | Multi-Family | Office | Opportunity | Other | Retail
Disability Features : 1st Floor 1/2 Bathroom | 1st Floor 3/4 Bathroom | 1st Floor Bedroom | 1st Floor Low-Pile Carpet | Access Parking | Low Pile Carpet | Paved Parking | 1st Floor Laundry
Misc : Furniture Included | Inventory Included | Living Space Available | Showers | Heat Included | In-Unit Bathroom
Sale Includes : Additional Buildings | Equipment | Garage | Land/Building/Business | Furnishings
Features
Signage: Unlimited
Transport Info: City Street | Major Road Access | State Highway | Town Highway | Paved
Signage: Unlimited
Transport Info: City Street | Major Road Access | State Highway | Town Highway | Paved
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1830
Wood Frame
Price Per SQ.FT. 157.74 No. of Units: 17
Building Size : 9826
Available SQFT : 9826
Building Type: Business | Development | Hospitality | Investment | Land | Multi-Family | Office | Opportunity | Other | Retail
Year Built: 1830
Wood Frame
Price Per SQ.FT. 157.74 No. of Units: 17
Building Size : 9826
Available SQFT : 9826
Building Type: Business | Development | Hospitality | Investment | Land | Multi-Family | Office | Opportunity | Other | Retail
ExteriorRoof: Shingle - Asphalt
InteriorBasement: Crawl Space | None | Slab
Land Information
Lot size: 8.82 acres
Zoned: COMM-N
Flood Zone: No
Road Frontage: 1011
Garage And Parking: Parking Spaces 21+ | Paved
Road Frontage: 1011
No. of Docks | 0.
UtilitiesHeating: Electric | Propane
Electric: Circuit Breaker(s)
Utilities: Cable | Cable - At Site | Cable - Available | Multi Phone Lines
AC % | 0.
Additional Information
Docs Available : Aerials | Deed | Other | Plot Plan | Property Disclosure
Taxes $13,184
Assesed Value Not Reported
Docs Available : Aerials | Deed | Other | Plot Plan | Property Disclosure
Taxes $13,184
Assesed Value Not Reported
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