19 Cottage StMilford, NH 03055

Property Details for 19 Cottage St

Year built

1970

Lot size

0.85 AC

Property size (Sq ft)

10,300 SF

Property type

Specialty properties

Property subtype

Office properties

Description

This exceptional mixed-use property in Milford, New Hampshire, presents a compelling investment opportunity. Located at 19 Cottage Street, this 0.85-acre lot features two buildings totaling 10,300 square feet, with 3,100 square feet currently available for lease or owner-occupancy. Building 1, at 7,100 square feet, is 70% occupied by a well-established tenant, generating a substantial annual income. Building 2, a newly renovated 3,100-square-foot structure, offers a blank canvas for customization, potentially subdividable into smaller units. The property boasts 10 dock-high doors, 8-foot ceilings, and is zoned for commercial use. Built in 1970 with renovations completed in 2016 and 2022, this Class C property offers a strong 7.67% cap rate and a net operating income (NOI) of $115,000. The asking price is $1,500,000. This owner-user opportunity allows for immediate income generation and the potential for significant value appreciation through lease-up of the vacant space and further development. Pre-designed interior plans are available for Building 2, streamlining the tenant improvement process. The property's versatility and prime location in Hillsborough County make it an ideal investment for both seasoned and emerging investors seeking a strong return on investment.

Location Insight

City

Milford

County

Hillsborough

State

New Hampshire

Latitude

42.8339

Longitude

-71.6537

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