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8 Wallace StreetRochester, NH 03867MLS Number 4908074

  • Price: $279,900The price has recently decreased
  • 61 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: 5.7% last updated on 2022-06-30

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  • 0.05Acreage
  • 1880Year Built
  • 2,774Square Feet
  • Andy YauListing Agent Name
Investors, flippers, and business owners take notice of this quadplex! Look no further, for the perfect project to build some sweat equity or a home business. Invest in the heart of downtown, in up and coming Rochester, in the midst of the city's multiple development projects. The hard part has been completed, with a good slate roof, new plumbing and new electrical. Finish-up the building with some finishing touches, to call it all yours. Bring back to life, the lower commercial units, which featured a once booming ice-cream/bakery shop, and an alluring art studio, or have the versatility to convert the lower commercial units into residential units. Call it a home business, with the possibility of living on the second floor, which features 3 spacious bedrooms, 2 baths, and beautiful hardwood floors. To top it off, the third floor can be used as a studio apartment, for additional income. Enjoy tax free benefits of being located in an opportunity zone, and also having access to commercial 79E tax incentives. Thats not all, tenants enjoy over 200+ free parking spots on the vacant city lot next door, and being close to all amenities including convenience stores, restaurants, schools, parks and more. Buyers to do their due diligence regarding zoning and unit conversions. Showings at the open house on Saturday, May 14, between 10AM to 11:30AM.
Listed by Andy Yau of RE/MAX Shoreline

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Basic Information

  • StatusACT
  • Modification Date05/09/2022
  • TypeBusiness, Investment, Office, Retail
  • List Price$279,900
  • Broker NameRE/MAX Shoreline
  • Listing Agent NameAndy Yau
  • Lister Office NameRE/MAX Shoreline
  • MLS Number4908074
  • MLS StatusActive

Utilities

  • FuelGas - Natural Available
  • Heating CoolingForced Air
  • Phone CompanyXfinity

Location

  • Building Number8
  • StreetWallace Street
  • TownRochester
  • StateNH
  • Zip03867
  • CountyStrafford
  • Map120

Property

  • Acreage0.05
  • Parking Spaces
  • Property TypeCommercial Sale
  • AreaBusiness District
  • Lot Sqft2,178

Other

  • Date Showings Begin2022-05-07

Building

  • Year Built1880
  • ConstructionWood Frame
  • NumberOfUnitsInCommunity4
  • FoundationWood
  • Square Feet2,774
  • Available Sqft2,774
  • BasementPartial
  • Garage Spaces

Exterior

  • ExteriorVinyl
  • RoofShingle - Asphalt

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Copyright 2022 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. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated July 4, 2022.

 

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From Our Clients

We have been very pleased with the process (you). As you might imagine, it is a challenge buying a home from 3000 miles away. You were very responsive, honest, and someone who always gave us an objective answer to all our questions. We had a very positive experieince buying our new Durham NH Home!

Dinny and Trisha, Durham NH