328 Route 3 - Freestanding FOR SALE


Meredith, NH 03253
$1,700,000 USD
603-630-3343
328 Route 3, Meredith, NH for Sale
$1,700,000 USD
Freestanding - FOR SALE
1/36
null | Request Cap Rate

328 Route 3
Meredith, NH 03253


OVERVIEW

Well-maintained, low-maintenance mixed-use investment property in the heart of downtown Meredith. Ideally located just north of the Route 3 traffic light, this highly visible property offers frontage on two streets and exceptional daily traffic exposure. The property features a large commercial space, two residential apartments, and excellent income potential. On the 33 Plymouth Street side, the commercial area includes two individual offices with separate entrances that share a common hallway and bathroom. One office is currently used as a linen room by the existing tenant, but the layout allows the lower-level commercial space to be leased as up to three separate office suites, providing added flexibility and the opportunity to maximize rental income. A prominent multi-tenant sign along Route 3 offers outstanding visibility with NHDOT traffic counts averaging approximately 17,000 vehicles per day. Paved parking with access from two streets, plus adjacent municipal parking, provides convenience for tenants and customers. Public water, public sewer, mini-split heat and A/C, and hard-wired smoke detectors throughout help keep operating costs predictable. With leases turning over, buyers can establish new lease terms at market rates, reconfigure the commercial space, or operate their own business while generating rental income. Located just moments from Meredith Bay and Lake Winnipesaukee, the property offers boat parking, a nearby public launch, and easy access to downtown shops, restaurants, and the waterfront. Bank of NH Pavilion, Gunstock, the White Mountains, Route 104, and I-93 are all within easy reach. Don't miss this opportunity to own a flexible, income-producing property in one of the Lakes Region's most desirable downtown locations.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$506 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

CB

APN/PARCEL ID

MERE-000007U-000087

ASK ABOUT THIS PROPERTY

Shannon CaseyKw Lakes And Mountains Realty/meredithMore Info
603-630-3343

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Shannon CaseyKw Lakes And Mountains Realty/meredithMore Info
603-630-3343

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