116 South Main Street, Rochester, NH - 3Units - $525,000

116 South Main Street, Rochester, NH

Price: $525,000 Status: Active
Taxes: $4,400 Lot Size 0.24

Comments:

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. 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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Property Features

Property Information

MLS # 
4092175 
Number of Units 

Additional Features

Basement 
Yes 
Baths 
BedsTot 
Not Available 
Electric 
100 Amp, 200 Amp, 220 Volt, 3 Phase, Circuit Breaker(s) 
Exterior 
Clapboard, Wood 
Exterior Features 
Porch - Covered, Porch - Enclosed, Storage 
Finished Sq Ft 
2688 
Footprint 
48 x 35 
Foundation 
Stone 
Garage 
No 
Heat/Fuel 
Gas - Natural 
House Color 
Gray 
Road Frontage 
Yes 
Roads 
Paved, Public 
Roof 
Flat, Membrane, Shingle - Asphalt 
Sewer 
Public 
Total Rooms 
Not Available 
Total Units 

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