506 High StSomersworth, NH 03878

  • Office properties
  • 1,456 SF
For Sale
$549,000 View listing

Property Details for 506 High St

Year built
2013
Construction
FRAME
Lot size
0.21 AC
Property size (Sq ft)
1,456 SF
Zone code
RC
Property type
Office properties
Property subtype
Office buildings
APN
SMSW M:40 B:09 L:0
APU
SMSWM40B09L0

Description

This 1,456 square foot, single-story building is located at a lighted intersection on High Street in Somersworth, New Hampshire, offering excellent visibility and accessibility. Built in 2013, the property features a full basement providing ample storage space. The building is zoned Residential/Commercial, allowing for a variety of uses. Permitted commercial uses include, but are not limited to: retail, wholesale, rental trades, commercial service and repair facilities (excluding motor vehicles), professional and business offices, personal service establishments (e.g., hair salons, copy centers), laundry and dry cleaning shops, trade and craft establishments, day care facilities, banks, and other financial institutions. Additionally, the property includes two ADA-compliant parking spaces and a ramp, ensuring convenient access for all. This former Cricket Wireless store presents a fantastic opportunity for a variety of businesses seeking a high-traffic location in a thriving retail area. The property is situated in Strafford County, NH, zip code 03878.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $240,720
    6.5%
    $222,203
    7%
    $206,332
  • Comparable approach

    Method
    Valuation
    Relative Method
    $190,241
    Geo Method
    $190,241
  • Alternative Use

    Use
    Valuation
    Residential
    $275,532
    Hospitality
    $252,386
    Educational
    $209,982
    Medical
    $217,204
    Retail
    $326,639
506 High St, Somersworth, New Hampshire

Location Insight

City
Somersworth
County
Strafford
State
New Hampshire
Latitude
43.2249
Longitude
-70.8842
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
$9,874
$128,600
$208,400
$337,000
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