287-289 Milton Rd - Restaurant FOR SALE


Rochester, NH 03868
$495,000 USD
603-431-1111
287-289 Milton Rd, Rochester, NH for Sale
$495,000 USD
Restaurant - FOR SALE
1/44
null | 11.78% Cap Rate

287-289 Milton Rd
Rochester, NH 03868


HIGHLIGHTS

  • Potential to subdivide with more value in the sum of the parts!
  • Potential 11.78% Cap Rate
  • 1.4 acre lot with 620 square feet of frontage with potential to build multifamily
  • Two buildings- 2006 built commercial restaurant
  • 1970 built single family cape

OVERVIEW

Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 11.78% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with 1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, you’ll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$164 USD /SF

CAP RATE

11.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

Highway Commercial

APN/PARCEL ID

RCHE-000201-000014

ASK ABOUT THIS PROPERTY

Andy YauRE/MAX ShorelineMore Info
603-431-1111

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Andy YauRE/MAX ShorelineMore Info
603-431-1111

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