8 Wallace Street

Mixed use redevelopment opportunity in up-and-coming downtown Rochester, NH. Located in an Opportunity Zone, the city may have commercial 79E tax incentives available for this property. In the past this building has been home to an ice cream shop, a bakery, a popular bar, and an art studio on the first floor with residential on the second and third floors. Majority of a newer fire alarm system has been installed, along with circuit breaker panels & rewiring – floors two and three are metered separately from the first floor commercial. The second floor is presently a large residential unit that has some hardwood flooring, laundry hookups, 3 bedrooms (or 2 and a large sunroom), a stubbed kitchen, and two baths. With some creativity and the addition of an exterior stairway, the third floor is ready to become a studio apartment- it already has a kitchenette and bath. The first floor commercial level is currently divided into two units. On the right side of the first floor there is a large open room in the front, a commercial sink, and a ¾ bath with a large radius in the rear. The left side of the first floor offers an employee half-bath, access to the second/third floors, a storage room, a stubbed commercial kitchen/prep “back of house” area, and a customer “front of house” area. Property is being sold as-is with utilities disconnected, bring your vision and your toolbelt!