171 Main StBerlin, NH 03570

Property Details for 171 Main St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

5,280 SF

Zone code

DT

Property type

Retail properties

APN

BELN M:00119 B:000055 L:000000

APU

BELNM00119B000055L000000

Description

This exceptional 10,600 square foot retail property, situated on 0.07 acres at 171 Main Street in Berlin, NH, presents a remarkable investment opportunity. Located in the heart of Berlin's Main Street, this building boasts high visibility and foot traffic, ensuring optimal exposure for any business. The property features a built-in central vacuum system on both the first and second floors, promoting easy maintenance and efficiency. An insulated basement and attic contribute to energy efficiency and year-round comfort. The expansive attic space offers significant potential for expansion, possibly creating additional rooms, a studio, or office space. Safety is enhanced by a sprinkler system, while two bathrooms cater to the needs of customers or tenants. Overly wide staircases facilitate easy movement of goods and create a welcoming atmosphere. The property also benefits from convenient front and rear entrances, offering flexibility in layout and access. This well-maintained building is ready for its next chapter, awaiting a visionary owner to unlock its full potential. Don't miss this chance to establish your business in a thriving downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,415,489

  6.5%

  $1,306,605

  7%

  $1,213,276

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,740,851

  Geo Method

  $1,738,510

• Alternative Use

  Use

  Valuation

  Residential

  $1,102,170

  Hospitality

  $1,009,582

  Educational

  $839,960

  Medical

  $868,848

  Retail

  $1,306,605

Location Insight

City

Berlin

County

Coos

State

New Hampshire

Latitude

44.4702

Longitude

-71.1803

CBSA code

13620

CBSA name

BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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