141 Main St - Office/Residential FOR SALE


Alton, NH 03809
$450,000 USD
603-231-8841
141 Main St, Alton, NH for Sale
$450,000 USD
Office/Residential - FOR SALE
1/24
null | Request Cap Rate

141 Main St
Alton, NH 03809


HIGHLIGHTS

  • This building is located in a high-traffic, tourist-friendly area of downtown, offering a fantastic location.
  • This is a mixed-use residential and commercial building featuring offices or retail spaces on the ground floor, with a spacious apartment above.
  • The apartment boasts an open-concept layout, highlighted by stunning barrel ceilings and beautiful wood floors.

OVERVIEW

• PRICE REDUCED $49k – Now being Offer $67,900 Below Property Assessed Value. Investors and Owner-occupants - don’t miss this exceptional mixed use opportunity in the heart of Alton Village. This versatile Commercial /Residential property is packed with opportunity. The second level features a spacious 1,700 sq. ft. one-bedroom Apartment with beautiful hardwood floors, barrel ceiling, a 3/4 bathroom and in-unit laundry. The first floor offers approximately 1,700 sq. ft. of adaptable commercial and / or residential space, currently configured with multi-offices, conference room, kitchenette and half bath, with excellent street-front windows, making it ideal for professional offices, retail, or a variety of business uses as it has been in the past. Looking to maximize your investment? A major advantage of this property is the recently update septic system, that was designed and approved to accommodate an additional One-bedroom Apartment. This provides excellent future potential. Located in the center of charming Alton Village, walking distance to shops, restaurants, banks, the library and other local amenities. Also, you're just one mile from beautiful Lake Winnipesaukee, making this an attractive location for residents, businesses and visitors alike. This property is currently vacant and ready for the next investor seeking strong rental potential or a business owner looking for a live / work property. In 2023 the property was generating $51,300 in gross revenue. $2,000 / month for the second floor and $2,300 / month for the first floor. The most recent lease for the first floor was $2,700 / month.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1850

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RC

APN/PARCEL ID

ALTN-000029-000000-000017

ASK ABOUT THIS PROPERTY

Don RobertsRe/Max Bayside LaconiaMore Info
603-231-8841

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Don RobertsRe/Max Bayside LaconiaMore Info
603-231-8841

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.