287-289 Milton Road Rochester, NH 03867
Rochester, NH 03867
$549,999
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Listing Courtesy of Andy Yau, RE/MAX Shoreline Data last updated: 04/25/24 Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets...
- 3,015 Sq Ft.
- Interior
- 1.4 Acres
- Exterior
- Multi Family
- Property type
- 1970
- Year Built
- 4955318
- Web Id
- 4955318
- MLS ID
- 2
- Buyer Agency Compensation
About 287-289 Milton Road
Listing Courtesy of Andy Yau, RE/MAX Shoreline
Data last updated: 04/25/24
Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, youll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIME MLS.
Data last updated: 04/25/24
Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, youll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.
Data provided by : PRIME MLS
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIME MLS.
features
- cooling
- Oil Heating
PROPERTY INFORMATION
- Basement
- Yes
- Cooling
- Other
- Heating
- Hot Air
- Sewer
- Private
EXTERIOR
- Lot Description
- Open
- Roofing
- Shingle - Asphalt
Listing Courtesy of RE/MAX Shoreline
The above data is calculated by Gabriels Technology Solutions.Â
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