List Price: $549,999 Commercial
Space type
Date Listed Friday Jun 2, 2023 | MLS# 4955431
Space type
Date Listed Friday Jun 2, 2023 | MLS# 4955431
To see this Listing
Address: 289 Milton Road Rochester NH
Listed by Andy Yau RE/MAX Shoreline
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.
Building Type : Investment | Multi-Family
Sale Includes : Land/Building | Other
Listed by Andy Yau RE/MAX Shoreline
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.
Building Type : Investment | Multi-Family
Sale Includes : Land/Building | Other
Features
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 0
Vinyl Siding
Price Per SQ.FT. 0.00 No. of Units: 0
Building Size : 0
Building Type: Investment | Multi-Family
Year Built: 0
Vinyl Siding
Price Per SQ.FT. 0.00 No. of Units: 0
Building Size : 0
Building Type: Investment | Multi-Family
Exterior
InteriorBasement: Other
Land Information
Zoned: HC
Road Frontage: 620
Road Frontage: 620
No. of Docks | 0.
UtilitiesUtilities: Cable - Available
AC % | 0.
Additional Information
Taxes $7,698
Assesed Value Not Reported
Taxes $7,698
Assesed Value Not Reported
Schools
