515 Main StGorham, NH 03581

Property Details for 515 Main St

Year built

1986

Construction

FRAME

Lot size

3.25 AC

Property size (Sq ft)

2,240 SF

Zone code

CB

Property type

Other commercial real estate

APN

GORH M:U11 L:4

APU

GORHMU11L4

Description

This exceptional commercial property at 515 Main Street in Gorham, New Hampshire, presents a lucrative investment opportunity. The main building, totaling 5,601 square feet, is well-maintained and currently houses two long-term tenants, ensuring a stable income stream. A significant portion of the building is dedicated to storage, offering considerable flexibility. This space could be easily converted into additional rental units to increase revenue, or leased as-is to a suitable tenant. Adding to the property's value is a separate, detached cold storage building, also currently leased, providing further rental income potential. The property boasts a highly desirable location, enjoying close proximity to major retailers such as Walmart, Tractor Supply, and Marshalls, ensuring high visibility and significant foot traffic. The expansive 3.25-acre lot provides ample space and boasts an impressive 321 feet of road frontage, maximizing exposure to potential customers and enhancing the property's overall appeal. This combination of existing income, development potential, and prime location makes this a truly exceptional investment opportunity in a thriving commercial area. The property is offered at $815,000.

• Alternative Use

  Use

  Valuation

  Residential

  $467,585

  Hospitality

  $428,305

  Educational

  $356,345

  Medical

  $368,600

  Retail

  $554,314

Location Insight

City

Gorham

County

Coos

State

New Hampshire

Latitude

44.4191

Longitude

-71.1953

CBSA code

13620

CBSA name

BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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