405 Portland AveRollinsford, NH 03869

Property Details for 405 Portland Ave

Year built

1977

Lot size

16.00 AC

Property size (Sq ft)

1,808 SF

Zone code

COUNTR

Property type

Other commercial real estate

Property subtype

Showrooms

APN

ROLL M:00003 L:000023 S:000000

APU

ROLLM00003L000023S000000

Description

This exceptional 1,828 square foot former bank building, situated on a 17.81-acre lot spanning Dover and Rollinsford, presents a unique investment opportunity. The property boasts high visibility due to its corner location directly across from an Irving gas station. The building, constructed in 1977, is in excellent condition, both inside and out, and features a convenient drive-thru window. The single-story structure offers ample signage opportunities and is complemented by 18 parking spaces located on the Dover side of the property (1.89+ acres). The Rollinsford portion of the lot houses the building itself. Previously occupied by Citizens Savings Bank, this property is ideal for a variety of retail uses. The seller is open to a long-term lease or even a land lease, making this an attractive option for various business models. The property's zoning is COUNTR/R40, and its APN is 00003-00023-00000, located in Strafford County. This is a rare opportunity to acquire a well-maintained, highly visible retail property with significant land in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $439,407

  6.5%

  $405,607

  7%

  $376,635

• Comparable approach

  Method

  Valuation

  Relative Method

  $595,308

  Geo Method

  $595,308

• Alternative Use

  Use

  Valuation

  Residential

  $342,144

  Hospitality

  $313,402

  Educational

  $260,747

  Medical

  $269,715

  Retail

  $405,607

Location Insight

City

Rollinsford

County

Strafford

State

New Hampshire

Latitude

43.2052

Longitude

-70.8563

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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