Price
$ 525,000

116 South Main Street, Rochester, NH 03867  
  • 2,688 sqft

116 South Main Street, Rochester, NH 03867  

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.

Read More
Listing Type
Multi-Family
Listing ID
4092175
House Size
2,688
Listing Status
Active
Year Built
1881
County
Strafford
Full Bath
3
Floors
3
School District 3
Spaulding High School
TaxYear
2015
Price History
Get price alerts on price change
Date Event Change Price
7/14/2017 Price change $140,000 (36.4%) $525,000
3/29/2017 Price change $30,000 (8.5%) $385,000
1/17/2015 Price change $30,000 (9.2%) $355,000
10/28/2013 Price change $30,000 (10.2%) $325,000
9/20/2011 Price change $45,100 (18%) $295,000
Houses for Sale Nearby