188 Main St Hillsborough, NH 03244

This exceptional mixed-use property in Hillsborough, NH, presents a compelling investment opportunity. The 12,622 square foot building, constructed in 1900 and renovated in 1980, sits on a sizable 4.6-acre lot and features seven units: five street-level commercial spaces and two apartments on the second level. All units are currently leased, generating a strong net operating income (NOI) of $48,482 and a 6.93% cap rate. The asking price is $700,000, translating to $55.46 per square foot. The property boasts 20 parking spaces and is zoned COMM-WS. Key features include separately metered electrical panels for each unit, an 8-inch water main at the rear of the property, and significant potential for future development on the ample vacant land. Recent improvements include a new wash and fold area and a transaction window in the laundromat, along with two new washers. The property benefits from a prime location with high traffic volume, proximity to the Osram Sylvania factory, and other retail and commercial establishments. Its strategic location is further enhanced by its proximity to the newly constructed Hillsborough Heights Apartments, an 84-unit workforce housing development. This property offers a blend of immediate income and significant long-term growth potential. The property's address is 188 W Main St, Hillsborough, NH 03244.