129 North Main Street

Rochester, NH 03867

MLS ID# 4849505 Active
Business

$299,900



Details for 129 North Main Street, Rochester NH 03867

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

Features and Details

  • Category Commercial
  • Type Business
  • Village/Neighborhood
  • County Strafford
  • Lot Size 5227
  • Acreage 0.12
  • MLS ID# 4849505

Annual Expenses/Income
Income: 33600
Apx Bldg SqFt
4719
Basement
Dirt, Yes
Construction
Other
# of Stories
2
Cooling
Other
Heating
Baseboard, Forced Air, Gas Heater, Hot Air, Hot Water, Other
Parking
Off Street, On Street
Operating Expense Inc
Heat, Other, Snow Removal, Utilities, Water
Siding
Asphalt, Shingle
Total
Units: 5
Features
Other
Utilities
Cable, Cable - At Site, Cable - Available, Gas - At Street, Gas - Underground, High Speed Intrnt -Avail, Internet - Cable, Satellite, Telephone At Site, Telephone Available
Natural Gas
Yes
Water
Public
Sewer
Public
Zoning
DTC
Property Types
Business, Development, Hospitality, Industrial, Investment, Multi-Family, Office, Opportunity, Other, Retail
Property Type Use
Amusement/Recreation, Bed/Breakfast, Business Only, Business w/ Real Estate, Convenience Store, Country Store, Food Service, Free Standing Building, Historic Building, Industrial, Light Manufacturing, Lodging, Mill Building, Office Building, Office Condo, Other, Retail Condo, Retail Strip, Self Storage, Shopping Mall, Storefront, Warehouse
Deed
Book: 3834, Page: 0178
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
Yes
Showings Begin
2021-03-06
Sale Includes
Building, Land Only, Land/Building, Land/Building/Business, Other
Sale Type
Sale

Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. Subject to errors, omissions, prior sale, change or withdrawal without notice.

This listing was last updated on 5/31/2021 6:16:10 PM.