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.
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NH REAL ESTATE/SOMERSWORTH
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116 South Main Street is a 3 bathroom Multi-Family home for sale in Rochester, NH.
Currently listed for $525,000, this property features a 10,454 Sq. Ft. square foot lot and was built in 1881.
116 South Main Street has been on CENTURY 21 for 788 days. This listing is provided courtesy of NH REAL ESTATE/SOMERSWORTH.
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