For Sale
$449,900

91 Main StRochester, NH 03867

Prime location, high potential, cashflow opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional two-unit mixed-use property, located at 91 N Main St in Rochester, NH, presents a compelling investment opportunity. The building, constructed in 1910, boasts 2,096 square feet across two stories and sits on a 0.44-acre lot. The property is zoned for mixed-use, retail, and service businesses. Currently vacant, it offers a pro-forma NOI of $42,189 and a pro-forma cap rate of 9.38%. The upper residential unit, recently renovated, features two bedrooms, hardwood floors, crown molding, built-in cabinets, high ceilings, and large windows. This unit has the potential for conversion to a three-bedroom layout, increasing rental income. The lower level commercial space, exceeding 1,000 square feet, is ideal for retail or office use and features hardwood floors and tin ceilings, along with large front windows for optimal visibility. The asking price is $449,900, translating to a price per square foot of $214.65. This property offers a unique blend of residential and commercial potential in a rapidly growing downtown area, making it an attractive investment for owner-users seeking strong cash flow. The property includes three keys and is classified as a Class B building.

Highlights

  • 8.44% potential capitalization rate.
  • Prime Downtown location.
  • Situated in New Hampshire's fastest-growing seacoast city.

Property Details for 91 Main St

Property type
Retail properties, Office properties
Square Feet
2,096 SF
Class
B
Year Built
1910
Buildings
1
Stories
2
Lot Size (sq. ft)
19,166 SF
Units
2

Location Insight

City
Rochester
County
Strafford
State
New Hampshire
Latitude
43.3051573
Longitude
-70.9785723
91 Main St, Rochester, New Hampshire

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91 Main St
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