For Sale
$150,000

47AB Hanson St Rochester, NH 03867

Mixed-use land, rehab opportunity, downtown location.

Overview

Added:
Dec 11, 2024
Days on market:
138
This 0.02-acre commercial and residential land parcel, located at 47AB Hanson St, Rochester, NH 03867 (43.3046218, -70.9745917), is listed for $150,000. Currently featuring a small, multifamily structure requiring extensive rehabilitation, this property presents a unique investment opportunity. The existing building could be renovated at a relatively low cost due to its small size, making it a potential "BRRRR" candidate. Alternatively, the property's downtown commercial zoning allows for expansion. The new owner could potentially increase the lot size by combining it with the adjacent property, enabling the construction of a larger structure. This location benefits from relaxed density requirements and no setback requirements, offering significant development potential. The property is situated in Strafford County, within Rochester, New Hampshire's thriving downtown area, experiencing significant growth with projects like the Ridge expansion and the Hoffman project. This investment is further enhanced by the possibility of utilizing Qualified Opportunity Fund (QOF) benefits and potential local 79E tax benefits. Consider purchasing this property as a package with MLS #4968544. Offers to purchase as a package will be given priority.

Highlights

  • Just Listed! $150,000 mixed-use duplex in downtown Rochester, NH.
  • 0.02-acre lot with existing multifamily structure requiring renovation; potential BRRRR opportunity.
  • Downtown commercial zoning allows for expansion; lot size could be increased by combining with adjacent property (MLS #4968544; package offers prioritized).
  • Located in a rapidly growing area with relaxed density and setback requirements; potential Qualified Opportunity Fund (QOF) and local 79E tax benefits.

Property Details for 47AB Hanson St

Property type
Land

Location Insight

City
Rochester
County
Strafford
State
New Hampshire
Latitude
43.3046218
Longitude
-70.9745917

FAQs

What type of property is this?
Land - Mixed-use land, rehab opportunity, downtown location.
Where is the land located?
The property is located at 47AB Hanson St Rochester, NH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Just Listed! $150,000 mixed-use duplex in downtown Rochester, NH.; 0.02-acre lot with existing multifamily structure requiring renovation; potential BRRRR opportunity.; Downtown commercial zoning allows for expansion; lot size could be increased by combining with adjacent property (MLS #4968544; package offers prioritized).
How can I contact the broker?
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47AB Hanson St
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