365 Portsmouth AveGreenland, NH 03840

Property Details for 365 Portsmouth Ave

Year built

1920

Construction

FRAME

Lot size

0.40 AC

Property size (Sq ft)

4,639 SF

Zone code

COM

Property type

Retail properties

APN

GRNL M:R B:21 L:67

APU

GRNLMRB21L67

Description

This exceptional commercial real estate offering presents a unique investment opportunity in Greenland, NH. The property encompasses two abutting parcels totaling 1.8 acres, boasting over 1049 feet of road frontage on Route 33 and Portsmouth Avenue. This prime location ensures high visibility and significant traffic exposure at a controlled intersection, ideal for a variety of commercial ventures. One parcel currently houses the established Suds-N-Soda Store, providing immediate income potential or a strong foundation for expansion. The second parcel features a single-family home, offering flexibility for redevelopment or continued residential use. The combined 4,639 square feet of buildable space across both lots presents substantial development potential. The property's size and location make it exceptionally well-suited for a range of commercial uses, from retail and restaurants to professional offices or mixed-use developments. The significant road frontage and high traffic count provide unparalleled exposure for any business. This is a rare opportunity to acquire a substantial commercial property in a thriving New Hampshire community. The property is priced at $2,495,000 and offers significant upside potential for the astute investor. The combined parcels offer a unique blend of existing commercial operation and residential potential, making this a truly versatile and attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,127,439

  6.5%

  $1,040,713

  7%

  $966,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,527,452

  Geo Method

  $1,527,452

• Alternative Use

  Use

  Valuation

  Residential

  $877,880

  Hospitality

  $804,134

  Educational

  $669,030

  Medical

  $692,039

  Retail

  $1,040,713

Location Insight

City

Greenland

County

Rockingham

State

New Hampshire

Latitude

43.0406

Longitude

-70.8276

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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