129 North Main Street, Rochester, NH - 5Units - $299,900

129 North Main Street, Rochester, NH

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Price: $299,900 Status: Active
Taxes: $5,766 Lot Size 0.12

Comments:

Investors and flippers galore. Buy 3 residential units for 100k each, and get 2 commercial units free and if that isn’t good enough, we’ll add in a .11 acre lot to sweeten the deal! The extra lot outback borders the Cocheco river, and could potentially be used as extra parking spots or a boat loading dock. This massive building of over 4700 square feet, features, a once booming restaurant and a now vacant smokeshop. The restaurant once known as Froggies, due to its size, has the potential with town approval to be subdivided into two separate commercial units, putting the total unit count to 6 units. Despite two vacant commercial units, the cap rate still stands at an impressive 7.59%. Bringing the building back to market value, could potentially bring the building’s GRI over $70,000. That is not all: The location cannot get any better, as tenants are located in the heart of downtown and are only a short distance from the Cocheco River, restaurants, convenience stores, and major routes. Residential units are in decent condition, while commercial units need work. 129 N.main can be purchased in combination with 135 N.main. See MLS#4840738. Agents see non-public remarks. Private showings begin on Saturday, March 6.

Listed by Andy Yau of RE/MAX Shoreline.

Property Features

Property Information

MLS # 
4849090 
Number of Units 

Additional Features

Basement 
Yes 
Baths 
 
BedsTot 
 
Electric 
Circuit Breaker(s) 
Exterior 
Asphalt, Shingle 
Exterior Features 
 
Finished Sq Ft 
4719 
Footprint 
 
Foundation 
Fieldstone 
Garage 
No 
Heat/Fuel 
Gas - Natural 
House Color 
 
Road Frontage 
TBD 
Roads 
Paved 
Roof 
Shingle 
Sewer 
Public 
Total Rooms 
 
Total Units 

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