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114-118 South Main StreetRochester, NH 03867MLS Number 4647187

  • Price: $525,000The price has recently decreased
  • 99 Days on Market
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 4.03% last updated on 2017-07-13

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 0.29Acreage
  • DTCZoning
  • 100Road Frontage

Existing clean neat residential triplex with great stabilized investment income or for owner occupied residential/commercial retail/office use. Higher and better use would be for redevelopment as a stand-alone retail fast food with drive-through, or 5-Story retail/office/residential mixed-use. Currently, the following abutting /close neighboring businesses are 24-hour: Walgreen, Cumberland Farms and Dunkin' Donuts. This in-town property is comprised of two abutting parcels totaling approximately 0.29 acres. Zoning for this property is DTC - Down Town Commercial encompassed by an ERZ-Economic Recovery Overlay district. The DTC zoning has many redevelopment advantages, such as zero lot line building, no on-site parking requirement, no fee site planning costs, no maximum lot coverage requirement, permitted drive-through and 24-hour operation. The ERZ give the business owner state tax credits for BT and BET. Block Grant monies available and other development incentives available.

Listed by Peter Quinn of NH Real Estate/Somersworth

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South Burlington VT, 05403

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More Info

Basic Information

  • Modification Date08/10/2017
  • List Price$525,000
  • Date Listed2017-07-14T00:00:00
  • StatusACT
  • MLS Number4647187

Property

  • Property TypeCommercial Sale
  • Road Frontage100
  • Traffic Count30000
  • ZoningDTC
  • Lot Sqft12632
  • TypeDevelopment, Investment, Land, Multi-Family, Office, Opportunity, Retail
  • Acreage0.29

Location

  • Zip03867
  • StateNH
  • Building Number114-118
  • TownRochester
  • CountyStrafford
  • Map125
  • AreaBusiness District, Commercial Zoning, In Town, Near Shopping, Near Public Transportatn
  • StreetSouth Main

Utilities

  • FuelGas - Natural
  • Heating CoolingBaseboard, Hot Water

Other

  • Broker NameNH Real Estate/Somersworth
  • Agent NameQuinn
  • bloggingYes
  • Book2958
  • Transport AccessCity Street, Near Airport, Public Transportation, State Highway, Town Highway, Paved
  • Page704
  • Delayed ShowingsNo
  • Number of Photos31
  • View Count16

Building

  • Square Feet2992
  • Year Built1881
  • FoundationBrick, Stone
  • Units3
  • ConstructionInsulation-Cellulose, Insulation-FiberglssBatt, Wood Frame

Interior

  • BasementBulkhead, Concrete Floor, Dirt Floor, Full

Exterior

  • RoofMembrane, Shingle - Architectural, Shingle - Asphalt
  • ExteriorClapboard
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Copyright 2017 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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  • Williston, VT
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