3 School Street

Hillsborough, NH 03244

MLS ID# 4897714 Active
Investment,Office,Opportunity,Retail

$525,000

0.3 Acreage
13068 Lot SqFt


Details for 3 School Street, Hillsborough NH 03244

HUGE commercial building in the heart of Downtown Hillsborough offers great potential for investors & entrepreneurs! Street-level has 5 units (3 lg./2 sm. - printing company in one) and basement level has 4 units (3 occupied - salon, barber shop, & management company), as well as an impressive and usable brick/stone cellar that's great for storage & a separate lg. storage space that goes w/ Unit C. Most units have their own 1/2 baths. On the top floor are 2 large 1-bedroom apartments w/ electric heat (not currently rentable due to upgrades being required to meet building/fire codes), a huge storage space & an attic annex for Unit A. Buyers to do their own due diligence in regards to what it would take to get the apartments/top floor rentable. An upgrade to the heating system that services the street and basement level units, including a new boiler and a new masonry chimney, was completed in the fall of 2021 at a cost of $57,000, w/ metering in place to allow for a future owner to have the tenants pay their own heat, which is currently paid by the owner. Projected yearly gross income if the 9 current street/basement units are fully rented is $82,800 based on current and past rental amounts (some are under market), w/ potential to increase this figure if a future owner chooses to pursue doing what it takes to get the top floor units rentable! Lots of on-street parking and several municipal lots within 1 block of this building. Great income potential here...check it out!

Features and Details

  • Category Commercial
  • Type Investment,Office,Opportunity,Retail
  • Village/Neighborhood
  • County Hillsborough
  • Lot Dimensions 13068
  • Acreage 0.3
  • MLS ID# 4897714

Basement
Concrete Floor, Full, Partially Finished, Storage Space, Walkout, Yes
Cooling
Other, Wall AC Units
Construction
Wood Frame
# of Stories
3
Heating
Baseboard, Electric, Hot Water
Parking
On Street, Other
Lot Description
Corner, Neighbor Business, Sidewalks, Street Lights
Operating Expense Inc
Heat, Insurance, Maintenance, Utilities, Water/Sewer
Siding
Vinyl
Total
Units: 9
Utilities
Internet - Cable
Water
Public
Sewer
Public
Zoning
Central Business
Location
Business District, In Town, Near Golf Course, Near Paths, Near Shopping
Property Types
Investment, Office, Opportunity, Retail
Property Type Use
Office Building, Other, Storefront
Deed
Book: 3353, Page: 0746
Foreclosed/Bank-Owned
: No
Delayed Showings
No
Sale Includes
Land/Building
Compensation (explained below)
Buyer Agency: 2%, Non Agency Facilitator: 2%
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the NEREN MLS.
Sale Type
Sale
This listing was last updated on 2/10/2022 9:37:03 PM.

Copyright 2022 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.