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114 Main StreetRochester, NH 03867MLS Number 4657015

  • Price: $525,000The price has recently decreased
  • Est. Mortgage of $/month
  • 50 Days on Market
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 4.03% last updated on 2017-07-13

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 0.29Acreage
  • DTCZoning

Potential Retail Pad Site - Currently, an 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, or 5-Story retail/office/residential mixed-use. 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 money and other development incentives are available. Ground Lease is an option.

Listed by Peter Quinn of NH Real Estate/Somersworth

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Basic Information

  • MLS Number4657015
  • p mod date time2017-09-03T18:28:00
  • Modification Date09/03/2017
  • StatusACT
  • Date Listed2017-09-03T00:00:00
  • Block005 and 006
  • List Price$525,000

Location

  • Building Number114
  • Zip03867
  • TownRochester
  • StateNH
  • AreaBusiness District, Commercial Zoning, In Town, Near Shopping, Near Public Transportatn
  • ZoningDTC
  • Flood ZoneUnknown
  • CountyStrafford
  • Topography
    • City Lot
    • Level
    • Major Road Frontage
    • Neighbor Business
    • Other
    • Street Lights
  • StreetMain

Photos

  • Number of Photos29

Property

  • Acreage0.29
  • Square Feet12632
  • Road Frontage100
  • Property TypeLand

Utilities

  • WaterPublic, Public Water - On-Site
  • Electric100 Amp,200 Amp,220 Volt, On-Site, Underground
  • Power CompanyEversource
  • SewerPublic, Public Sewer On-Site
  • UtilitiesCable - At Site, Fiber Optic Internt Avail, Gas - On-Site, High Speed Intrnt -AtSite, Internet - Cable, Internet - Fiber Optic, Underground Utilities

Other

  • ExposureSouth, West
  • Docs AvailableDeed, Plot Plan, Tax Map
  • Broker NameNH Real Estate/Somersworth
  • Current UseCommercial, Development Potential, Mixed Use, Other, Residential
  • RoadsPaved, Public
  • AVMYes
  • Agent NameQuinn
  • Delayed ShowingsNo
  • RestrictionsLease

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Copyright 2017 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

 

 

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