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.

More Info

Parking

Parking Spaces

Building

Year Built1970
Building ConstructionWood Frame
ConstructionExisting
Property StyleCape
Bedrooms4
Bathroom2
Total Baths2
Full Baths2
Total Rooms12
Square Feet3,015
BasementFull, Unfinished, Walkout
FoundationBlock

Amenities

PricePerSqFt182.42

Legal

Tax ReductionUnknown
ZoningHC
Surveyed Y/NUnknown

Basic Information

MLS Number4955127
MLS StatusActive
StatusACT
Property TypeSingle Family
List Price$549,999
Listing Agent NameAndy Yau
Broker NameRE/MAX Shoreline

Property

Acreage1.4
Lot DescriptionOpen
DrivewayPaved
RoadsPaved, Public
Road Frontage620

Exterior

ExteriorVinyl
RoofShingle - Asphalt

Other

Delayed ShowingsNo
SeasonalNo
Page635
Date Listed06/01/2023
View Count1

Location

Building Number287
StreetMilton Road
TownRochester
StateNH
Zip03867
CountyStrafford
DistrictRochester
Elementary SchoolEast Rochester School
Junior HighRochester Middle School
High SchoolSpaulding High School
Map2021
Flood Zone Y/NNo

Interior

Stories2

Utilities

Heat FuelOil
Heat SystemHot Air
WaterDrilled Well
Water HeaterElectric
SewerPrivate
ElectricCircuit Breaker(s)
UtilitiesPhone, Cable - Available

Copyright 2023 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 10, 2023 2:53 PM EST

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287 Milton RoadRochester, NH 03867MLS Number 4955127

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