66 Main StRochester, NH 03867

Property Details for 66 Main St

Year built

1960

Construction

FRAME

Lot size

0.59 AC

Property size (Sq ft)

6,862 SF

Zone code

DTC

Property type

Retail properties

Property subtype

Banks

APN

RCHE M:0120 B:0337 L:0000

APU

RCHEM0120B0337L0000

Description

This exceptional 6,862 square foot retail property, located at 66 S Main St in Rochester, New Hampshire, presents a unique investment opportunity. The building, constructed in 1960, boasts a two-story design and sits on a 0.59-acre lot within the Downtown Commercial Zone. The property features a convenient two-lane drive-thru, a significant advantage for various retail uses, and ample parking with 28 spaces. The building's former use as a bank branch offers a solid foundation for a variety of commercial ventures, benefiting from its established infrastructure and high visibility location on a main thoroughfare. The sale is conducted through a modified bid process, eliminating any banking deed restrictions or minimum bid requirements, allowing for flexible and competitive offers. This freestanding building offers significant potential for redevelopment or repurposing, making it an attractive option for savvy investors seeking a prime retail space in a thriving downtown area. The property's size, location, and existing features combine to create a compelling opportunity for a wide range of businesses. The property is zoned for Downtown Commercial use, providing flexibility for various commercial applications.

• CAP approach

  CAP return

  Valuation

  6%

  $1,667,706

  6.5%

  $1,539,420

  7%

  $1,429,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,259,404

  Geo Method

  $2,259,404

• Alternative Use

  Use

  Valuation

  Residential

  $1,298,559

  Hospitality

  $1,189,473

  Educational

  $989,627

  Medical

  $1,023,662

  Retail

  $1,539,420

Location Insight

City

Rochester

County

Strafford

State

New Hampshire

Latitude

43.3027

Longitude

-70.9739

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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