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.

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  • 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

Date Listed at or
7/14/2017 $525,000 $140,000
3/29/2017 $385,000 $30,000
1/17/2015 $355,000 $30,000
10/28/2013 $325,000 $30,000
9/20/2011 $295,000 $45,100
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