461 Main StGorham, NH 03581

Property Details for 461 Main St

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.94 AC

Property size (Sq ft)

11,232 SF

Zone code

CB

Property type

Automotive properties

APN

GORH M:U10 L:12

APU

GORHMU10L12

Description

This exceptional Gorham, NH commercial property, located on Route 16, presents a remarkable business opportunity. The 11,232 square foot building, constructed in 1985, sits on a spacious 2.94-acre lot, offering high visibility and abundant traffic. The property features a large showroom ideal for showcasing products or services, complemented by well-appointed first and second-floor offices. Three bathrooms provide ample convenience for staff and clients. The expansive acreage allows for significant growth and development potential. Ample parking is available, ensuring ease of access for visitors and employees. This property is perfect for entrepreneurs seeking a high-traffic location with room to expand or for established businesses looking to relocate to a prime commercial area. The combination of location, size, and versatile space makes this an exceptional investment opportunity in a thriving New Hampshire community. The building's existing infrastructure provides a solid foundation for a variety of commercial uses, allowing for customization to suit specific business needs. This is a chance to acquire a substantial property with significant potential for future growth and profitability.

• CAP approach

  CAP return

  Valuation

  6%

  $3,011,108

  6.5%

  $2,779,484

  7%

  $2,580,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,703,264

  Geo Method

  $3,698,284

• Alternative Use

  Use

  Valuation

  Residential

  $2,344,599

  Hospitality

  $2,147,640

  Educational

  $1,786,811

  Medical

  $1,848,262

  Retail

  $2,779,484

Location Insight

City

Gorham

County

Coos

State

New Hampshire

Latitude

44.4047

Longitude

-71.1998

CBSA code

13620

CBSA name

BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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