91 Main StRochester, NH 03867

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

Investment properties

Property subtype

Live-work space

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.

• 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

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

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