47AB Hanson StRochester, NH 03867

Property Details for 47AB Hanson St

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Rochester

County

Strafford

State

New Hampshire

Latitude

43.3046

Longitude

-70.9746

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