289 Milton Road

Rochester, NH 03868

$495,000
Price
60,984 / 1.4
Lot Size / Acres

Description

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...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.
  1. Listed by Andy Yau • RE/MAX Shoreline

Property Details for 289 Milton Road

Zoning
HC
LISTING UPDATED: 11/07/2024 01:26 PM

Property Details for 289 Milton Road

StatusActive
MLS #4956037
Days on Market533
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size1.40 AC
CountyStrafford County

Building Information for 289 Milton Road

Lot Size1.40 AC

Property Information for 289 Milton Road

Summary
Location and General Information
  • City: Rochester
  • County: NH-Strafford
  • Latitude: 43.375540798447233
  • Longitude: -70.986476423278802
  • Road Frontage: Yes
  • State: NH
  • Street Designation: Road
  • Map: 2021
  • Zip Code: 03867
Taxes and HOA Information
  • Taxes TBD: Unknown
Property
Lot Information
  • Block: 0014
  • Lot: 0000
  • Lot - Sqft: 60984.0
  • Lot Features: Open
  • Lot Size Acres: 1.4
  • Road Frontage Length: 620.0
Property and Assessments
  • Current Use: Yes
  • Property Class: Land
  • Flood Zone: No
  • Resort: No
  • Surveyed: Unknown
Utilities
  • Electric: 100 Amp
  • Sewer: Private
  • Water Source: Drilled Well
  • Utilities: Cable - Available, Phone
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Roads: Paved, Public

Property History for 289 Milton Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 289 Milton Road

This home is within Rochester School District.
Rating
School
Type
Grades
Distance
East Rochester School
Public - PK to 5
Nancy Loud School
Public - K to 4
Rochester Middle School
Public - 6 to 8
Spaulding High School
Public - 9 to 12
Rating
School
Distance
East Rochester School
PublicPK to 5

Nancy Loud School
PublicK to 4

Rochester Middle School
Public6 to 8

Spaulding High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 289 Milton Road, Rochester, NH 03868

289 Milton Road is a 1.4 ac of land for sale in Rochester, NH 03868. This property was listed for sale on June 7, 2023 by RE/MAX Shoreline, it's currently listed at $495,000. It has been on the market for a total of 533 days and was last sold on May 24, 2004. This listing's school district is Rochester School District. Nearby schools include East Rochester School, Nancy Loud School and Rochester Middle School. 289 Milton Road is a 0-bed, 0-bath, 1.4 ac of land on a 60,984 sq. ft. / 1.4 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Shoreline

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/21/2024 05:32 AM