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287-289 Milton RoadRochester, NH 03867MLS Number 4955318

  • Price: $549,999
  • Est. Mortgage of $/month
  • 417 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Jul 18, 2024
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Active with Contract
287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867287-289 Milton Road Rochester NH 03867
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    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.
    Listed by Andy Yau of RE/MAX Shoreline

    Driving Directions

    Gilman Real Estate
    Gilman Real Estate
    Office: 603-772-0808
    39 Front St
    Exeter, NH 03833

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    Basic Information

    • StatusActive With Contract
    • List Price$549,999
    • Date Price Change06/14/2023
    • MLS Number4955318
    • MLS StatusActive Under Contract

    Property

    • Acreage1.4
    • Parking Spaces
    • Square Feet3,015
    • APX Fin AG Sqft3,015
    • Road Frontage620
    • RoadsPaved, Public

    Amenities

    • PricePerSqFt182.42

    Location

    • TownRochester
    • StateNH
    • Zip03867
    • CountyStrafford
    • ZoningHC
    • Elementary SchoolEast Rochester School
    • Junior HighRochester Middle School
    • High SchoolSpaulding High School
    • Flood Zone Y/NNo

    Exterior

    • RoofShingle - Asphalt

    Utilities

    • Heat FuelOil
    • Heat SystemHot Air
    • ElectricCircuit Breaker(s)
    • SewerPrivate
    • UtilitiesCable - Available, Phone

    Building

    • Year Built1970
    • Units2
    • Unit 1 Bath1
    • Unit 1 Bedrooms4
    • Unit 1 Floor Location1 & 2
    • Unit 1 Total Rooms7
    • Unit 2 Bath1
    • Unit 2 StyleCommercial Building
    • Unit 2 Total Rooms5
    • # of 3+ Bedrooms2
    • BasementFull, Unfinished, Walkout
    • FoundationBlock

    Other

    • Seasonal Y/NNo
    • Date Listed06/01/2023
    • Unit 1 Deposit$2,500
    • Unit 2 Rent Amount$2,000
    • View Count6
    Broker Reciprocity 

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