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.

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Tax Information

Tax Year2022

Building

BasementOther

Property

Property TypeCommercial Sale
Road Frontage620

Legal

Taxes$7,698
OtherStructuresLand/Building, Other
ZoningHC

Basic Information

StatusACT
Modification Date09/06/2024
TypeInvestment, Multi-Family
List Price$495,000
Broker NameRE/MAX Shoreline
Listing Agent NameAndy Yau
Lister Office NameRE/MAX Shoreline
MLS Number4955431
MLS StatusActive

Location

Building Number289
StreetMilton Road
TownRochester
StateNH
Zip03867
CountyStrafford
Map2021

Other

Date Listed06/02/2023
View Count23

Copyright 2024 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 September 19, 2024 8:54 PM EDT

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289 Milton RoadRochester, NH 03867MLS Number 4955431

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