Investment & Development Opportunity The Gonic Mill

Retail-Commercial for Sale
Sale Pending
Also listed as Industrial, Office
Catylist Listing ID: 30798881
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Status: Pending
Building Size (RSF): 179,218 SF
Gross Land Area: 25.11 Acres
Sale Price: $6,250,000
Unit Price: $34.87 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/29/2024

Overview / Comments

The Gonic Mill is a historic landmark in Rochester that has been a part of the community since the early 1900's. This multi-unit commercial / industrial building is 95% leased and sits on 5.27± acres. It is being sold as a package with an abutting 19.64± acres suitable for potential development of 20± duplexes and a fully leased duplex on Church Street, that also abuts the Gonic Mill.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 0142-0003-0000
Highway Access: Follow NH-16 N to NH-125 S. Take exit 12 from NH-16 N. Continue on NH-125 S to Pickering Road.
Site Description: Raw waterfront land with more than 2,000' of water frontage on the Concheco River. The land has potential to be developed into approximately 10 duplexes or at leas 40 residential units.
Parking Type: Surface
Zoning Description: The Gonic Mill: OFC (General Office); The Land: Agriculture; The Duplex: Residential 1
Lot Frontage: 400
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,643 20,574 46,035
Median Age: 39.44 40.48 40.26
Households: 1,392 8,510 18,487


Photograph of Listing Agent

Andy Fleisher, CCIM

NAI Norwood Group NECPE Member
Photograph of Listing Agent

Katie Fleisher

NAI Norwood Group
NECPE Member
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