43 Grove StPeterborough, NH 03458

Property Details for 43 Grove St

Year built

1975

Construction

FRAME

Lot size

1.02 AC

Zone code

COMMER

Property type

Retail properties

Property subtype

Other retail properties

APN

PTBR M:U017 B:027 L:000

APU

PTBRMU017B027L000

Description

This exceptional three-unit commercial property, located at 43 Grove Street in the heart of Peterborough, New Hampshire, presents a compelling investment opportunity for both owner-users and investors. Spanning 7,785 square feet on a 1.02-acre lot, this charming masonry building currently houses two thriving tenants: Thai Cafe and Monadnock Oil. Its rich history includes a previous occupant, a local chocolate and ice cream store, adding to its unique character and appeal. The building's prime location in downtown Peterborough ensures high visibility and foot traffic, benefiting from its proximity to major roadways like U.S. Route 202 and New Hampshire Route 101. Peterborough itself boasts a vibrant community, with a population of 6,418 (2020 census), situated along the Contoocook River. The town's strategic location, 38 miles west of Manchester and 72 miles northwest of Boston, provides easy access to a larger regional market. This versatile property offers endless possibilities for a variety of commercial uses, making it an attractive prospect for those seeking a strong foothold in a thriving New Hampshire market. The asking price is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $10,798,284

  6.5%

  $9,967,647

  7%

  $9,255,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,629,493

  Geo Method

  $14,629,493

• Alternative Use

  Use

  Valuation

  Residential

  $8,408,083

  Hospitality

  $7,701,759

  Educational

  $6,407,773

  Medical

  $6,628,146

  Retail

  $9,967,647

Location Insight

City

Peterborough

County

Hillsborough

State

New Hampshire

Latitude

42.8751

Longitude

-71.9515

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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