199 Main StTroy, NH 03465

Property Details for 199 Main St

Lot size

2.54 AC

Zone code

HB

Property type

Retail properties

APN

TROY M:020 B:0028 L:0000

APU

TROYM020B0028L0000

Description

This exceptional commercial property presents a unique investment opportunity in Troy, New Hampshire. Located on a highly visible 2.54-acre lot directly on NH Route 12, a major thoroughfare connecting to the Greater Boston area, this property boasts unparalleled exposure. The main building, totaling 6,100 square feet, currently houses a successful restaurant tenant, generating immediate income potential. The restaurant features a dedicated function room, two restrooms, and substantial storage space. A large warehouse is also included, complete with two convenient loading docks. This provides flexibility for a variety of uses, from continued restaurant operation to conversion into office or retail space. Ample off-street parking is available, catering to both employees and customers. A secondary building, measuring 740 square feet, offers additional space, equipped with heat and electricity, ideal for office use or expansion of existing operations. Existing signage ensures maximum visibility for any business. The property's location near Keene, NH, further enhances its appeal and accessibility. This is a rare opportunity to acquire a well-positioned, income-generating property with significant potential for growth and diversification in a thriving business zone.

• CAP approach

  CAP return

  Valuation

  6%

  $29,656,686

  6.5%

  $27,375,402

  7%

  $25,420,016

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,479,308

  Geo Method

  $36,430,340

• Alternative Use

  Use

  Valuation

  Residential

  $23,092,176

  Hospitality

  $21,152,308

  Educational

  $17,598,472

  Medical

  $18,203,712

  Retail

  $27,375,402

Location Insight

City

Troy

County

Cheshire

State

New Hampshire

Latitude

42.841

Longitude

-72.1883

CBSA code

28300

CBSA name

KEENE, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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