129 N MAIN ST Rochester, NH 03867

$299,900

0 of 0

Bedrooms

Total Baths

Full Baths

4,719

Square Feet

0.12

Acres

1910

Year Built

Active

Status

MLS#

4849090

Listed By Andy Yau
RE/MAX Shoreline

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.

Details


Interior
Flooring
Hardwood, Other
Living Area
4,719 SqFt.

Building And Construction
Number Of Units Total
5
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1910

Exterior And Lot
Driveway
Concrete
Easements
Yes
Flood Zone
No
Lot Size Acres
0.12
Lot Size Square Feet
5227
Zoning
DTC

Utilities
Cooling
Other
Heating
Gas Heater - Vented
Water Heater
Gas

Area And Schools
City
Rochester
County Or Parish
Nh-strafford
Elementary School
Chamberlain Street School
High School
Spaulding High School
High School District
Rochester School District
Middle Or Junior School
Rochester Middle School

Financial Info
Covenants
Yes
Tax Annual Amount
$5,766.00
Tax Year
2020

Additional Info
Basement Access Type
Walk-up
Cable Company
Comcast
Electric Company
Eversource
Foreclosed/Bank-Owned/REO
No
Fuel Company
Unitil
Heat Fuel
Gas - Natural
Pre-Construction
No
Price Per SQFT
63.55
Taxes TBD
Yes
Unit 1 Baths
1
Unit 1 Bedrooms
1
Unit 1 Lease Term
Month To Month
Unit 1 Rooms
4
Unit 2 Baths
1
Unit 2 Bedrooms
1
Unit 2 Lease Term
Month To Month
Unit 2 Rooms
4
Unit 3 Baths
1
Unit 3 Bedrooms
2
Unit 3 Lease Term
Month To Month
Unit 3 Rooms
6
Water Body Access
Yes
Water Body Name
Cocheco River
Water Body Type
River
WaterView
Yes

Listing By RE/MAX Shoreline – Andy Yau

MLS# 4849090

Data Last Updated 11:20am - 04/12/2021

Northern New England Real Estate Network

The data relating to real estate displayed on this website comes in part from the IDX Program of NEREN. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2021 New England Real Estate Network, Inc. All Rights Reserved. School data source: RE/MAX, LLC Mortgage calculator source: RE/MAX, LLC Demographic source: RE/MAX, LLC Transportation source: RE/MAX, LLC Property history source: RE/MAX, LLC

03867 Statistics and Information

Transportation

Walking

Very Walkable

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