506 High StSomersworth, NH 03878

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 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.

• 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

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

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