15 Newmarket RdDurham, NH 03824

  • Other commercial real estate
  • 6,181 SF
For Sale

Property Details for 15 Newmarket Rd

Year built
1900
Construction
WOOD FRAME
Lot size
0.93 AC
Property size (Sq ft)
6,181 SF
Zone code
C
Property type
Other commercial real estate
APN
DRHM M:108 L:69
APU
DRHMM108L69

Description

This exceptional 3-building property at 15 Newmarket Road, Durham, NH 03824, presents a unique investment opportunity. Built in 1900 and extensively renovated in 2023, this retail property currently houses a restaurant and mercantile, along with space for food trucks (leases transferable). The property also includes two private lodging suites available for short-term rentals. Offering 3 stories and 37 parking spaces, this prime location at the gateway to Durham and the University of New Hampshire provides excellent visibility and access. The property is being sold vacant, presenting a "turnkey" opportunity for an owner-operator in the restaurant or brewery industry. Alternatively, the property offers significant potential for redevelopment into an inn or hotel. The recent renovations create a seamless transition for the right investor, allowing immediate operation or customization to suit their vision. Located in Strafford County, this property boasts a rich history and a bright future, ready to welcome a new owner to continue its legacy or embark on a new chapter. The sale includes the existing food truck leases.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,169,687
    Hospitality
    $1,071,427
    Educational
    $891,415
    Medical
    $922,072
    Retail
    $1,386,645
15 Newmarket Rd, Durham, New Hampshire

Location Insight

City
Durham
County
Strafford
State
New Hampshire
Latitude
43.1329
Longitude
-70.9196
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$52,888
$632,800
$1,949,600
$2,582,400
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