91 Main StRochester, NH 03867
- Mixed-use properties
- 2,096 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].