135 Glen AveBerlin, NH 03570

Property Details for 135 Glen Ave

Lot size

0.23 AC

Zone code

BG

Property type

Parking lots & garages

APN

BELN M:00118 B:000105 L:000000

APU

BELNM00118B000105L000000

Description

This 5,150 square foot storefront, located at 135 Glen Ave in Berlin, NH (03570), presents a unique investment opportunity. Currently housing Rockingham Electric, this property boasts exceptional visibility on Route 16, making it ideal for a variety of retail businesses. Built in 1920, the building features a recently renovated storefront with new flooring, stairs, air conditioning, and countertops. The warehouse area offers extensive storage capabilities, complemented by two drive-in doors and a loading dock for efficient shipping and receiving. The property sits on a .49-acre lot with 161 feet of road frontage and offers a walkout full basement. Construction includes metal and vinyl siding, a concrete slab foundation, and a roof comprised of membrane, metal, and asphalt shingles. Utilities include 200-amp electric service, public water and sewer, telephone, and cable internet access. Heating is provided by forced air, fueled by electricity and oil. The property is zoned BG and enjoys exclusive water rights on the Androscoggin River. The seller is open to conveying the property either vacant or with a lease in place. This property may also be purchased as part of a package deal with another property (MLS#4990370). The asking price is $300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,685,944

  6.5%

  $2,479,333

  7%

  $2,302,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,303,330

  Geo Method

  $3,298,888

• Alternative Use

  Use

  Valuation

  Residential

  $2,091,410

  Hospitality

  $1,915,720

  Educational

  $1,593,857

  Medical

  $1,648,672

  Retail

  $2,479,333

Location Insight

City

Berlin

County

Coos

State

New Hampshire

Latitude

44.4635

Longitude

-71.1857

CBSA code

13620

CBSA name

BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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