Listing Provided Courtesy Of:
Andy Yau with RE/MAX Shoreline.
Address
129 North Main Street Rochester, NH
Price
$ 299,900
Property Attributes
  • MLS#4849505
  • TypeCommercial
  • CountySTRAFFORD
  • CityRochester
  • AreaStrafford
  • Zip03867
  • StyleBusiness,Development,Hospitality,Industrial,Invest
  • Year Built1910
  • Taxes$ 5766
  • Price$ 299,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4719
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
Andy Yau with RE/MAX Shoreline.
Data Source:
New England Real Estate Network
Property Description

Investors and flippers galore. Buy 3 residential units for 100k each, and get 2 commercial units free and if that isn’t good enough, we’ll add in a .11 acre lot to sweeten the deal! The extra lot outback borders the Cocheco river, and could potentially be used as extra parking spots or a boat loading dock. This massive building of over 4700 square feet, features, a once booming restaurant and a now vacant smokeshop. The restaurant once known as Froggies, due to its size, has the potential with town approval to be subdivided into two separate commercial units, putting the total unit count to 6 units. Despite two vacant commercial units, the cap rate still stands at an impressive 7.59%. Bringing the building back to market value, could potentially bring the building’s GRI over $70,000. That is not all: The location cannot get any better, as tenants are located in the heart of downtown and are only a short distance from the Cocheco River, restaurants, convenience stores, and major routes. Residential units are in decent condition, while commercial units need work. 129 N.main can be purchased in combination with 135 N.main. See MLS#4840738. Agents see non-public remarks

Price History
3/4/2021 Listed $299,900

General Features

Basement Yes
Construction Other
Cooling Other
Electric 100 Amp
Features - Commercial Other
Flood Zone No
Heating Baseboard, Forced Air, Gas Heater, Hot Air, Hot Water, Other
Listing Area NH-Strafford
Net Income 22763
Parking Off Street, On Street
Price Per Sq Ft 63.55
Road Frontage TBD
Roof Shingle
Sewer Public
Status Active
Tax Year 2020
Type Commercial Sale
Utilities Cable, Cable - At Site, Cable - Available, Gas - At Street, Gas - Underground, High Speed Intrnt -Avail, Internet - Cable, Satellite, Telephone At Site, Telephone Available
Water Public
Year Built 1910
Zoning DTC

Interior Features

Basement Access Type Walk-up
Basement Description Dirt
Gas - Natural Available Yes
Heating Fuel Gas - Natural Available
Total Number of Units 5

Exterior Features

Exterior Asphalt, Shingle
Foundation Fieldstone
Lot Size Area 0.12

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 03867

Statistics provided by Inside Real Estate

Price
AVG $200K
$300K
Taxes
AVG $7,369
$5,766
Visits
AVG 37
31
Year Built
AVG 1940
1910
Walkscore
AVG 55
70
Data Provided by Walkscore ® not using MLS data

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