The Gonic Mill - Investment & Development Opportunity

Retail-Commercial for Sale
Sale Pending
Also listed as Industrial, Office
Catylist Listing ID: 30798862
Property Subtypes: 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: 2/26/2024

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
Zoning: OFC
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
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.
Tenancy: Multiple Tenants
Number of Stories: 4
Parking Type: Surface
Zoning Description: The Gonic Mill: OFC (General Office); The Land: Agriculture; The Duplex: Residential 1
Lot Frontage: 420
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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