Listed By: Andy Yau, RE/MAX Shoreline

287-289 Milton Rd, Rochester, New Hampshire

$549,999

Previous Next

3,015

Square feet

1.40

Acres

About 287-289 Milton Rd

Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, you’ll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.

Features of 287-289 Milton Rd

MLS® # 4955318
Price $549,999
Bathrooms 0.00
Square Footage 3,015
Acres 1.40
Year Built 1970
Type Multi-Family
Status Active

Community Information

Address 287-289 Milton Rd
Area Rochester
City Rochester
County Strafford
State New Hampshire
Zip Code 03867

Amenities

Utilities Cable - Available, Phone
Is Waterfront No
Has Pool No

Interior

Heating Hot Air
Cooling Other
Fireplace No
# of Stories 2
Stories 1.5

Exterior

Roof Shingle - Asphalt
Foundation Block

School Information

District Rochester
Elementary East Rochester School
Middle Rochester Middle School
High Spaulding High School

Additional Information

Date Listed June 1st, 2023
Days on Market 352
Zoning HC

Listing Details

AgentAndy Yau
OfficeRE/MAX Shoreline

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?