205 River RdHooksett, NH 03106

Property Details for 205 River Rd

Year built

1973

Construction

FRAME

Lot size

0.70 AC

Property size (Sq ft)

4,704 SF

Zone code

COM

Property type

Retail properties

APN

HOOK M:24 B:30 L:2

APU

HOOKM24B30L2

Description

This exceptional multi-tenant commercial property, situated at 205 West River Road in Hooksett, New Hampshire, presents a lucrative investment opportunity. The 8,064 square foot building is strategically located on Route 3A, offering superb visibility and accessibility, just off Exit 10 of I-93. The property sits on a 0.7-acre lot and boasts ample parking, both in front and rear. The building comprises four primary storefront retail/office units, each benefiting from central air conditioning and heating. In addition, there are five separate garages, providing further income potential through leasing or utilization. Currently, the building houses a diverse tenant mix including a kitchen and cabinet company, a spa, an office, and garage users. The property enjoys public water and natural gas services. Constructed primarily between 2008 and 2013, the building is modern and well-maintained. Excellent signage opportunities exist both on Route 3A and on the building itself. The current gross income potential is $97,884 annually, with a net income (after expenses) of approximately $83,504. Existing tenants have expressed interest in extending their leases, although current agreements are month-to-month or nearing expiration, offering a buyer the flexibility to occupy all or part of the building. This property is a highly visible and profitable investment in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,143,236

  6.5%

  $1,055,295

  7%

  $979,917

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,548,854

  Geo Method

  $1,548,854

• Alternative Use

  Use

  Valuation

  Residential

  $890,181

  Hospitality

  $815,401

  Educational

  $678,404

  Medical

  $701,735

  Retail

  $1,055,295

Location Insight

City

Hooksett

County

Merrimack

State

New Hampshire

Latitude

43.0617

Longitude

-71.4654

CBSA code

18180

CBSA name

CONCORD, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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