91 Main StRochester, NH 03867

  • Mixed-use properties
  • 2,096 SF
For Sale
$449,900 View listing

Property Details for 91 Main St

Year built
1910
Construction
FRAME
Lot size
0.04 AC
Property size (Sq ft)
2,096 SF
Zone code
DTC
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
RCHE M:0121 B:0368 L:0001
APU
RCHEM0121B0368L0001

Description

This exceptional two-unit mixed-use property, located at 91 N Main St in Rochester, NH, presents a compelling investment opportunity. The building, constructed in 1910, boasts 2,096 square feet across two stories and sits on a 0.44-acre lot. The property is zoned for mixed-use, retail, and service businesses. Currently vacant, it offers a pro-forma NOI of $42,189 and a pro-forma cap rate of 9.38%. The upper residential unit, recently renovated, features two bedrooms, hardwood floors, crown molding, built-in cabinets, high ceilings, and large windows. This unit has the potential for conversion to a three-bedroom layout, increasing rental income. The lower level commercial space, exceeding 1,000 square feet, is ideal for retail or office use and features hardwood floors and tin ceilings, along with large front windows for optimal visibility. The asking price is $449,900, translating to a price per square foot of $214.65. This property offers a unique blend of residential and commercial potential in a rapidly growing downtown area, making it an attractive investment for owner-users seeking strong cash flow. The property includes three keys and is classified as a Class B building.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $346,531
    6.5%
    $319,875
    7%
    $297,027
  • Comparable approach

    Method
    Valuation
    Relative Method
    $273,863
    Geo Method
    $273,863
  • Alternative Use

    Use
    Valuation
    Residential
    $396,645
    Hospitality
    $363,325
    Educational
    $302,282
    Medical
    $312,678
    Retail
    $470,216
91 Main St, Rochester, New Hampshire

Location Insight

City
Rochester
County
Strafford
State
New Hampshire
Latitude
43.3052
Longitude
-70.9785
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
$3,356
$19,800
$110,600
$130,400
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-
-
-

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