591 Center StWolfeboro, NH 03894

Property Details for 591 Center St

Year built

2004

Lot size

3.00 AC

Property size (Sq ft)

4,313 SF

Zone code

COMMER

Property type

Showrooms

APN

WOLF M:00148 B:000017 L:000000

APU

WOLFM00148B000017L000000

Description

This exceptional 7,080 square foot office building presents a unique investment opportunity in the heart of Wolfeboro, NH. Situated on a 3-acre lot, this well-maintained property boasts a prime location and strong local market access. Constructed in 2004, the building has served as a successful kitchen design and supply business for two decades. The main floor comprises two suites: a 1,140 square foot suite and a 2,400 square foot suite, each equipped with its own forced-air heating and central air conditioning system. The larger suite is currently leased on a month-to-month basis, offering immediate income potential. A significant advantage is the inclusion of a heated, finished walk-out basement, offering an additional 432 square feet of usable space, along with three garage bays. The basement features 8'6" ceilings and sheetrock walls. The seller is retiring and is offering financing options to qualified buyers, making this an attractive proposition for those seeking a turnkey commercial property with strong rental income potential and expansion opportunities. This property offers a blend of immediate income and long-term growth potential in a desirable New Hampshire town.

• CAP approach

  CAP return

  Valuation

  6%

  $1,048,210

  6.5%

  $967,578

  7%

  $898,465

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,420,112

  Geo Method

  $1,420,112

• Alternative Use

  Use

  Valuation

  Residential

  $816,188

  Hospitality

  $747,624

  Educational

  $622,014

  Medical

  $643,406

  Retail

  $967,578

Location Insight

City

Wolfeboro

County

Carroll

State

New Hampshire

Latitude

43.614

Longitude

-71.1749

Property Tax & Assessments

FAQs

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