287 Milton Road, Rochester, NH 03867

$495,000 Asking Price

4 beds
2 baths
3,015  sqft
Built in 1970

BACK ON MARKET due to financing. ***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 & Amenities

Interior

Appliances:
Water Heater - Electric
Basement:
Full,Unfinished,Walkout
A/C:
Other
Heating:
Hot Air, Oil

Construction

Roofing:
Shingle - Asphalt
General:
2, Block

Location

Road/Access:
Paved,Public
School District:
Rochester
County:
NH-Strafford

Lot

Driveway:
Paved
Zoning:
HC

Utilities

Utilities:
Phone,Cable - Available
Sewer:
Private

This listing courtesy of:
RE/MAX Shoreline, Andy Yau

About Rochester, NH

Housing

Number of Units
14,946
Median Home Value
$186,312
Median Rent
$891

34.21% of housing units are renter occupied.

5.01% are vacant.

Commute

Car
74.88%
Public Transportation
1.55%
Walk to Work
0.64%
Work from Home
21.63%
Other
0.93%

The median travel time to work is 23 minutes.

People

Population
33,331
Median Age
43.00
Median Household Size
2.54

Education

High School
36.87%
Associate’s Degree
12.52%
Bachelor’s Degree
15.35%
Graduate Degree
5.21%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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