91 N Main St
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91 N Main St
2,100 SF 100% Leased Retail Building Rochester, NH 03867 $449,900 ($214/SF) 9.38% Cap Rate
Investment Highlights
- Mix use Duplex in Heart of Downtown!
- Meticulously Updated Residential Unit
- 9.38% Cap Rate
- Excellent Retail or Office location
Executive Summary
Location, Location, Location! This exceptional mixed-use duplex offers unparalleled access in the heart of downtown, the fastest-growing city in Seacoast New Hampshire by construction starts. Perfect for investors with a potential cap rate of 9.38% or for entrepreneurs looking to establish their business in a thriving area. Be part of the largest city in the seacoast by both population and land mass, and capitalize on a wave of exciting development projects in a dynamic and flourishing community. The upstairs unit has been completely renovated, exuding character with beautiful hardwood floors and crown molding throughout. The spacious living room features built-in cabinets and high ceilings, while the bedrooms boast large windows that flood the space with natural light and offer incredible views of bustling downtown Rochester. The dining area is adorned with elegant gray wainscoting, white tones, and recessed lighting. Classic architectural details, including curved walls and an archway, lead seamlessly into the kitchen, which showcases an earthy tile backsplash, white finish cabinetry, and tin ceilings. This unit also has the potential to be converted into a 3-bedroom for additional cash flow. The lower commercial unit provides over 1,000 square feet of open space, ideal for retail or office use. Large front windows ensure ample natural light and visibility, while character abounds with hardwood floors and tin ceilings. Act fast as this will not last.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,100 SF
Building Class
C
Year Built/Renovated
1910/2023
Price
$449,900
Price Per SF
$214
Cap Rate
9.38%
NOI
$42,201
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
B1 - Business
Parking
3 Spaces (1.43 Spaces per 1,000 SF Leased)
Frontage
79 FT on N Main St
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | RCHE-000121-000368-000001 | Improvements Assessment | $110,600 |
| Land Assessment | $19,800 | Total Assessment | $130,400 |
PROPERTY TAXES
Parcel Number
RCHE-000121-000368-000001
Land Assessment
$19,800
Improvements Assessment
$110,600
Total Assessment
$130,400
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91 N Main St
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