1 Somersworth PlzSomersworth, NH 03878

Property Details for 1 Somersworth Plz

Year built

1965

Construction

FRAME

Lot size

0.19 AC

Property size (Sq ft)

8,500 SF

Zone code

B

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

SMSW M:10 B:167 L:0

APU

SMSWM10B167L0

Description

This exceptional 8,400 square foot retail space at 1 Somersworth Plaza in Somersworth, NH, presents a compelling investment opportunity. Located in a vibrant downtown area, this property boasts a highly desirable location near the Maine border, ensuring excellent accessibility and exposure to a broad customer base. The property features ample on-site parking, a significant advantage for both customers and employees. The building's strategic placement within the downtown core provides high visibility and foot traffic, maximizing potential for business success. This is a rare chance to acquire a substantial retail space in a growing market. The property's proximity to a planned development of approximately 154 residential units promises increased foot traffic and a burgeoning local customer base in the near future. The 0.19-acre lot provides ample space for convenient parking and potential future expansion. The asking price of $350,000 represents a strong value proposition for an established retail space in a thriving location. This property is ideal for a variety of retail businesses seeking a prominent presence in a dynamic and expanding community. Don't miss this opportunity to secure a prime retail location in Somersworth, NH.

• CAP approach

  CAP return

  Valuation

  6%

  $2,065,797

  6.5%

  $1,906,889

  7%

  $1,770,683

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,798,737

  Geo Method

  $2,798,737

• Alternative Use

  Use

  Valuation

  Residential

  $1,608,532

  Hospitality

  $1,473,407

  Educational

  $1,225,857

  Medical

  $1,268,016

  Retail

  $1,906,889

Location Insight

City

Somersworth

County

Strafford

State

New Hampshire

Latitude

43.2612

Longitude

-70.8636

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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