42 Franklin StFranklin, NH 03235

Property Details for 42 Franklin St

Year built

1900

Construction

FRAME

Lot size

0.08 AC

Property size (Sq ft)

4,144 SF

Zone code

B2

Property type

Showrooms

APN

FRKN M:117 B:176 L:

APU

FRKNM117B176L

Description

This unique commercial property, located at 42 Franklin Street Unit A in Franklin, New Hampshire, presents a compelling investment opportunity within the revitalized Franklin Falls area. The property is part of a larger ongoing urban renewal project, witnessing significant building renovations that are restoring the historic charm of the neighborhood. These improvements are visually transforming the area, showcasing the positive momentum of Franklin's development. The city is experiencing a surge in new businesses, including a recently established micro-brewery, further contributing to its economic growth and attractiveness. This strategic location within the Lakes Region of New Hampshire offers exceptional potential for expansion, new ventures, or the establishment of a thriving business. The property's specific square footage is currently unavailable, however, the surrounding area's revitalization presents a strong case for significant future value appreciation. This is a chance to be part of a dynamic and growing community, capitalizing on the ongoing positive changes and the renewed interest in Franklin, NH. The property is listed at $750,000 and is categorized as "Other" in terms of property type. The lot size is zero acres, indicating the property is likely a unit within a larger building. This presents a unique opportunity for investors seeking to participate in the ongoing revitalization of Franklin Falls. The property's potential is undeniable, given the current positive trajectory of the area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,110,808

  6.5%

  $1,025,361

  7%

  $952,121

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,366,302

  Geo Method

  $1,364,467

• Alternative Use

  Use

  Valuation

  Residential

  $864,930

  Hospitality

  $792,272

  Educational

  $659,161

  Medical

  $681,830

  Retail

  $1,025,361

Location Insight

City

Franklin

County

Merrimack

State

New Hampshire

Latitude

43.444

Longitude

-71.6452

CBSA code

18180

CBSA name

CONCORD, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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