45AB Hanson StRochester, NH 03867

Property Details for 45AB Hanson St

Lot size

0.20 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional mixed-use property in downtown Rochester, NH, presents a compelling investment opportunity. Completely renovated in 2020, the property includes a charming, meticulously updated duplex featuring a commercial space on the ground floor and a 2-bedroom apartment above. The extensive 2020 renovation encompassed all major systems, including the interior, HVAC, plumbing, roof, siding, and windows. The property boasts separate utilities, making it an ideal low-expense investment with potential for a triple net lease. Situated on an oversized 0.2-acre lot zoned DC, this property offers significant development potential. The existing zoning allows for flexible density and parking solutions, with the potential to add 7+ residential units. This pre-existing multifamily lot in a thriving downtown location provides a unique blend of immediate income and future expansion possibilities. The property offers a strong pro-forma NOI of $35,191 and a 7.04% cap rate, making it an attractive investment at an asking price of $499,900. Located at 45AB Hanson St, Rochester, NH 03867, this property is ready for a discerning investor seeking a blend of immediate return and long-term growth potential in a rapidly developing downtown area.

Location Insight

City

Rochester

County

Strafford

State

New Hampshire

Latitude

43.3046

Longitude

-70.9746

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