165 Main St, Unit B, Newmarket, NH
Retail-Commercial
for Sale
| Catylist Listing ID: |
30857555 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail
|
| Condo? |
Yes |
| Building Size (RSF): |
2,632 SF
|
| Gross Land Area: |
0.01 - 0.30 Acres
|
| Sale Price: |
$555,000 |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Usable Size (USF): |
1,516 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/25/2024 |
Overview / Comments
|
Unique mixed use building in Downtown Newmarket. Restaurant space is former Horseshoe cafe, on the second floor is comfortable 2-bedroom residential apartment. Additional 800 sqft of patio area. Property offers a delightful blend of commercial and residential space. All equipment required to operate the restaurant is included in the sale, including coffee roaster, vent system, ovens, fridges, you name it. Please see full inventory list. Exceptional visibility with signage on two major roads. Historically held a Beer & Wine license, which offers additional potential.
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$3,391 (Annual) |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Rockingham |
| Tax ID/APN: |
U3-194-0 |
| Is Condo?: |
Yes |
| Zoning: |
M2 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
NH-108 & NH-152 |
| Site Description: |
Located in the bustling downtown area, this site has a high traffic count which ensures a steady flow of potential customers. Note that the tax card identifies the property as 165 Main St, #B, while Google Maps pins it as 171 Main Street. |
| Area Description: |
Strategically located, Newmarket offers easy access to nearby attractions. A short drive takes you to the University of New Hampshire in Durham, the Great Bay (a haven for kayaking, boating, and nature trails), and the charming town of Exeter. Additionally, Newmarket is conveniently situated just a brief 25-minute drive from bustling Portsmouth, New Hampshire, adding further allure to its central location. |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Typical SF / Floor: |
764 SF |
| Property Condition: |
Good |
| Year Built: |
1890 |
| Roof Type: |
Gable |
| Construction/Siding: |
Vinyl Siding, Wood Frame |
| Parking Type: |
Surface |
| Parking Description: |
Parking lot in back with designated spaces and street parking in front. |
| Heat Type: |
Natural Gas, Hot Water |
| Zoning Description: |
Sec. 32-46. M-2 district.
(a) Purpose. The purpose of this district shall be to protect and enhance the commercial, social, civic and residential functions of the downtown village area. It is recognized that the village is an important place of business and of social interaction. Controls are intended to enhance the village by providing for relatively high density, a mix of uses, public access to the Lamprey River, and design ses in section 32-56. |
| Lot Frontage: |
40 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,198 |
13,321 |
40,291 |
| Median Age: |
32.56 |
38.92 |
35.5 |
| Households: |
2,343 |
5,467 |
13,238 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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