355 Main StGorham, NH 03581

Property Details for 355 Main St

Year built

1998

Construction

FRAME

Lot size

0.94 AC

Property size (Sq ft)

4,749 SF

Zone code

CA

Property type

Banks

APN

GORH M:U8 L:3

APU

GORHMU8L3

Description

This exceptional 8,026 square foot office building, situated on a 0.94-acre lot at 355 Main Street in Gorham, NH, presents a unique investment opportunity. Built in 1998, this meticulously maintained former bank boasts a classic New England Cape style architecture with wood clapboard siding and architectural shingles. The property features three levels of finished space: a 2,800 square foot first floor, a 2,400 square foot second floor, and a 2,700 square foot finished basement including a training room, staff kitchen, and ample storage. Multiple entrances allow for flexible space subdivision, catering to a variety of business needs. The building benefits from a three-lane driveway with two curb cuts off a busy state highway, experiencing an average daily traffic count exceeding 10,000 vehicles. Modern amenities include 600-amp electrical service, town water and sewer, and underground power. Exterior features include well-landscaped grounds and exterior lighting. Its key location makes it ideal for office, healthcare, or retail uses, attracting both local and tourist traffic year-round. The current owner is open to leasing back the drive-up ATM pad at the rear of the property. This is a remarkable opportunity to acquire a high-visibility, well-maintained commercial building in a thriving New Hampshire community. Priced at $800,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,273,123

  6.5%

  $1,175,190

  7%

  $1,091,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,565,776

  Geo Method

  $1,563,671

• Alternative Use

  Use

  Valuation

  Residential

  $991,317

  Hospitality

  $908,041

  Educational

  $755,480

  Medical

  $781,462

  Retail

  $1,175,190

Location Insight

City

Gorham

County

Coos

State

New Hampshire

Latitude

44.397

Longitude

-71.1951

CBSA code

13620

CBSA name

BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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