116 South Main Street Rochester, NH 03867

$525,000
116 South Main Street, Rochester, NH 03867
Call 1-800-839-1363
4092175
Broker: NH Real Estate/Somersworth

Multi-Family Home for sale in Rochester, NH

for $525,000 with 4 full baths. This 2,688 square foot home was built in 1881 on a lot size of 0.24 Acre(s).

Property Information

  • $525,000
  • 4 Full Baths
  • Multi-Family
  • 2,688 Square Feet
  • Taxes are $4,400
  • Other / Unknown
  • Active
  • 3 Floors
  • Lot size of 0.24 Acre(s)
  • Built in 1881
  • Rochester, NH
  • Downtown Neighborhood
  • Strafford County
  • MLS/Web ID is 4092175
  • Listing Agent is Peter Quinn

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.

Interior 7

Basement

  • Basement
  • Concrete Basement
  • Dirt Floor
  • Full Basement
  • Other
  • Unfinished

Cooling System

  • Zoned

Flooring

  • Carpet(s)
  • Ceramic Tile Flooring

Heating Source

  • Natural Gas

Heating System

  • Baseboard
  • Hot Water
  • Zoned

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 13

Construction

  • Timber Frame
  • Wood Frame

Driveway

  • Paved Driveway

Exterior

  • Covered Porch
  • Enclosed Patio/Porch
  • Storage / Out Building / Shed

Foundation

  • Slab
  • Stone

Garage

  • None

Land Improvements

  • Curbs
  • Sidewalks

Lot Description

  • City/Village
  • Level/Flat
  • Street Lights

Parking

  • 1-20 Parking Spaces
  • Off Street Parking
  • On Site Parking
  • Parking Spaces

Road Frontage

  • Paved
  • Public Road

Roof

  • Asphalt Roof
  • Flat Roof
  • Membrane

Separate Utilities

  • Other

Siding

  • Clapboard
  • Wood Exterior

Zoning

  • Commercial

Miscellaneous 5

Commercial

  • 100 AMP Electric
  • 200 AMP Electric
  • 220 Volts
  • 3 Phase Electric

Location

  • Near Public Transportation
  • Near Shopping

Other

  • Bulkhead

Restrictions

  • Pets Allowed

Utilities

  • Electric Circuit Breakers

† Excluded Feature

Neighborhood & Schools

High School: Spaulding High School

 See complete school information

Listed By

Listing Agent: Peter Quinn
Broker: NH REAL ESTATE/SOMERSWORTH

116 South Main Street, Rochester, NH, 03867 is a Multi-Family Home for sale at $525,000 with 2,688 sqft and a lot size of 0.24 Acre(s). 116 South Main Street has 4.0 baths and was built in 1881. The property's zip code is 03867 which is in Rochester, NH

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Pricing History

Date Price Price Change Description
7/14/2017 $525,000 47.89 % Price Change
3/30/2017 $355,000 -7.79 % Price Change
3/30/2017 $385,000 8.45 % Price Change
1/17/2015 $355,000 9.23 % Price Change
3/16/2014 $325,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Rochester $290,661 45 % below $229,900 56 % below
Multi-family listings in Rochester $250,865 52 % below $189,950 64 % below

Get the facts about Rochester, NH!

Population 29,941
Population Growth (since 2000) 5 %
Median Income $49,435
Median Age 42.11
Households w/ Children 25 %

Residential Dwellings

  • Owned 8422
  • Vacant 905
  • Rented 4030

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