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116 South Main, Rochester, NH 03867

6 Bed, 4 Bath Multi-Family Home For Sale

116 South Main, Rochester, NH 03867 House For Sale - MLS #4092175
Off the Market
$525,000
6
4
Multi-Family
3 Family
This listing is courtesy of Peter Quinn from Nh Real Estate/Somersworth

Property Description for 116 South Main, 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.

Interior Details

2,688 sq. ft.
$195.31/sq. ft.
13
Public
Public

Exterior Details

0.24 acres
10,454 sq. ft.
3
Off Street; On-Site; Parking Spaces 5 - 10; Paved
Timber Frame; Wood Frame
Stone

Other Details

4092175
1881
$3,597

Units Description

Unit #1
Rooms: 4      Living Area: 670 sq. ft.      Bedrooms: 2      Full / Half Baths: 1      Rent: $972     
Interior Features : Appliances Included

Unit #2
Rooms: 3      Living Area: 670 sq. ft.      Bedrooms: 1      Full / Half Baths: 1      Rent: $1,075     
Interior Features : Appliances Included

Unit #3
Rooms: 6      Living Area: 1,450 sq. ft.      Bedrooms: 3      Full / Half Baths: 2      Rent: $1,550     
Interior Features : Appliances Included

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Town Description

Rochester was once inhabited by Abenaki Indians of the Pennacook tribe. They fished, hunted and farmed, moving locations when their agriculture exhausted the soil for growing pumpkins, squash, beans...

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