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116 South Main Street, Rochester, NH 03867

$525,000

  • For Sale
  • Active
  • Multi-Family
  • 3 Units
  • 0.24 Acres
116 South Main Street, Rochester, NH 03867View this property at 116 South Main Street, Rochester, NH 03867
116 South Main StreetRochesterNH03867

Property Description

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.

Full Property Detailsfor 116 South Main Street

General

  • Price: $525,000
  • Taxes: $4,400 (2015)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 4092175
  • Updated: 1/30/2018
  • Added: 1, 530 day(s) ago

Rental Information

  • Lease Terms: Unit1=Annual, Unit2=Month to Month, Unit3=Month to Month,

Interior

  • Flooring: Carpet, Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Exterior

  • Exterior Features: Porch - Covered, Porch - Enclosed, Storage
  • Color: Gray

Parking

  • Parking: Off Street, On-Site, Parking Spaces 5 - 10, Paved

Location

  • County: Strafford
  • Neighborhood: Commercial Zoning, In Town, Near Shopping, Near Public Transportatn
  • Driving Directions: Route 108 north(aka South Main Street), across from Dunkin' Donuts and next to Walgreen and Auto Zone.

School Information

  • High School: Spaulding High School

Heating & Cooling

  • Cooling Type: Multi Zone
  • Heating Type: Baseboard, Hot Water, Multi Zone
  • Heating Fuel: Gas - Natural
  • Furnaces: 3
  • Water Heater: Gas - Natural, Off Boiler, Separate, Tank
  • Water Heaters: 3

Utilities

  • Sewer: Public
  • Water: Public
  • Trash: Curbside, Municipal, Recycle
  • Separate Meters: Yes
  • # Electric Meters: 3

Structural Information

  • Architectural Style: Other
  • Construction Status: Existing
  • Construction: Timber Frame, Wood Frame
  • Exterior Const.: Clapboard, Wood
  • Basement: Yes
  • Basement Entrance: Interior
  • Basement Desc.: Bulkhead, Concrete, Dirt, Full, Slab, Stairs - Interior, Unfinished
  • Roof: Flat, Membrane, Shingle - Asphalt
  • Stories/Levels: 3
  • Finished Total: 2,688 Sq. Ft.
  • Finished Above Grnd: 2,688 Sq. Ft.
  • Year Built: 1881

Unit Information

  • 1 Bedroom Units: 1
  • 2 Bedroom Units: 1
  • 3 Bedroom Units: 1
  • Units w/Refrigerators: 3
  • Units w/Range/Oven: 3

Unit 1

  • Unit Description: Flat
  • Square Feet: 670
  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Unit Description: Flat
  • Square Feet: 670
  • Level: 2
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Unit Description: 2 FL
  • Square Feet: 1450
  • Level: 1, 2
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.24
  • Lot Size (Sq. Ft.): 10,454
  • Frontage: Yes Rode Frontage
  • Frontage Feet: 75
  • Street/Road Desc.: Paved, Public
  • Driveway/Sidewalk: Paved
  • Zoning: DTC and ERZ Overlay
  • Lot Description: City Lot, Curbing, Level, Sidewalks, Street Lights

Financial Considerations

  • Price Per Sq. Ft.: $195.31
  • Operating Expenses: Electric, Exterior Maintenance, Ground Maintenance, Insurance, Maintenance/Repairs, Property Mgmt, Reserve, Snow Removal, Water/Sewer
  • Assessment Year: 2016
  • Assessment Amount: $155,700
  • Tax Amount: $4,400
  • Tax Year: 2015
  • Terms: Conventional, Seller Participation

Disclosures and Reports

  • Documents Avail.: Deed, Lease Agreements, Plot Plan, Property Disclosure
  • Restrictions: Pets - Allowed
  • Lot: 005&006

Listed by NH Real Estate/Somersworth, Peter K Quinn

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Listed by NH Real Estate/Somersworth, Peter K Quinn

Schools

Schoolsserving 116 South Main Street

School District:Rochester School District
School Name
Grades
Distance
School Street School
13 School St, Rochester, NH 03867
K-4
0.5 mi
Rochester Middle School
47 Brock St, Rochester, NH 03867
6-8
1.1 mi
Spaulding High School
130 Wakefield St, Rochester, NH 03867
9-12
0.9 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 116 South Main Street Get Price Alerts

Date
Details
Price
Change
Source
7/13/2017
Price Increased
$525,000
36.36%
MLS
3/29/2017
Price Increased
$385,000
8.45%
MLS
1/17/2015
Price Increased
$355,000
9.23%
MLS
10/28/2013
Price Increased
$325,000
10.17%
MLS
9/21/2011
Price Increased
$295,000
18.05%
MLS
9/11/2011
Listed
$249,900
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 116 South Main Street

Listed by NH Real Estate/Somersworth, Peter K Quinn

116 South Main Street, Rochester, NH 03867 (MLS# 4092175) is a Multi-Family property with 3 units containing 0 bedrooms and 3 full bathrooms. 116 South Main Street is currently listed for $525,000 and was received on March 16, 2014. Want to learn more about 116 South Main Street? Do you have questions about finding other Multi-Family real estate for sale in Rochester? You can browse all Rochester real estate or contact a Coldwell Banker agent to request more information.