155 Bridge StPelham, NH 03076

Property Details for 155 Bridge St

Year built

1983

Construction

FRAME

Lot size

1.10 AC

Property size (Sq ft)

1,380 SF

Zone code

B

Property type

Retail properties

Property subtype

Banks

APN

PLHM M:29-7 B:268

APU

PLHMM297B268

Description

This exceptional retail property at 155 Bridge Street, Pelham, NH, offers 1,418 square feet in a freestanding building on a 2.42-acre lot. Built in 1983, the property boasts excellent visibility with 275 feet of frontage on Route 38, benefiting from high traffic counts along Bridge Street (Route 38), Atwood Road, and Old Bridge Street. Currently occupied by a financial institution since 1998, the property features a convenient three-lane drive-thru. The location is surrounded by a diverse mix of national and regional retailers, including Hannaford, Walgreens, Dollar Tree, Rite Aid, Tractor Supply, Altitude Trampoline, and Chunky's Cinema, as well as other local businesses such as NH Liquor and Wine Outlet, Domino's Pizza, McDonald's, Dunkin' Donuts, and Enterprise Bank. Ample parking is available with approximately 26 spaces. The property's strategic location at a traffic-controlled intersection provides convenient access. The strong average household income in the area presents a compelling opportunity for businesses seeking to establish or expand their presence in a thriving retail environment. This single-tenant property offers a solid investment opportunity in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $335,388

  6.5%

  $309,589

  7%

  $287,476

• Comparable approach

  Method

  Valuation

  Relative Method

  $454,383

  Geo Method

  $454,383

• Alternative Use

  Use

  Valuation

  Residential

  $261,150

  Hospitality

  $239,212

  Educational

  $199,022

  Medical

  $205,866

  Retail

  $309,589

Location Insight

City

Pelham

County

Hillsborough

State

New Hampshire

Latitude

42.727

Longitude

-71.3189

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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