2 Hill RdFranklin, NH 03235

Property Details for 2 Hill Rd

Year built

1971

Construction

FRAME

Lot size

0.69 AC

Property size (Sq ft)

8,213 SF

Zone code

B1W&S

Property type

Showrooms

APN

FRKN M:096 B:104 L:

APU

FRKNM096B104L

Description

This exceptional mixed-use property in Franklin, New Hampshire, presents a rare investment opportunity. Priced at $3,250,000, this offering encompasses a thriving business and substantial real estate holdings. The property includes a gas station with four pumps and newer, double-fiberglass lined tanks (installed 19 years ago), a well-established convenience store, a laundromat, and six apartments within a newer brick building (constructed 9 years ago). The building also features cold storage units and a deli setup, ready for immediate operation. The 8,213 square foot building sits on a 0.69-acre lot, zoned B1. Built in 1971 and renovated in 2015, this two-story structure offers a blend of income streams from various business ventures and rental units. The property benefits from a high-traffic location, attracting residents, travelers, and vacationers, with the added advantage of proximity to Webster Lake. Financial information is available to pre-qualified buyers under a non-disclosure agreement. The current owner is willing to offer financing options, including 0% interest for inventory and a portion of the down payment, if desired. This turnkey operation presents a unique chance to acquire a diverse and established business with significant growth potential. The property's diverse income streams and prime location make it an attractive investment for both owner-users and investors seeking a stable and profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $2,201,530

  6.5%

  $2,032,181

  7%

  $1,887,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,707,876

  Geo Method

  $2,704,239

• Alternative Use

  Use

  Valuation

  Residential

  $1,714,221

  Hospitality

  $1,570,217

  Educational

  $1,306,402

  Medical

  $1,351,331

  Retail

  $2,032,181

Location Insight

City

Franklin

County

Merrimack

State

New Hampshire

Latitude

43.4559

Longitude

-71.6599

CBSA code

18180

CBSA name

CONCORD, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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