19 Union St

Redevelopment Opportunity in Rochester, NH plus Antique Mall Business for Cash Flow

Exciting opportunity for a real estate developer in the heart of Rochester, NH. The properties at 19 and 21 Union Street currently house a thriving antique mall and a part-time owner-occupied apartment. Here are the key details: Property Information: Addresses: 19 and 21 Union Street (separately deeded properties) Apartment at 21 Union Street (2nd Floor): 7 rooms, 1 bath, separate electric and heat metering, private entrance, patio, screened-in porch, and workshop. Connection: The two properties are connected by a finished cement block walkthrough Total Lot Size: 18,231 SF Effective Area: 12,891 SF Main Store Location: 15-17-19 Union St. Annual Property Taxes: $14,795 Business Overview (Antique Mall): The properties have been transformed into a successful antique mall, previously operating as a furniture store for many years. Vendor Booths: Approximately 190+ vendor booths are rented, with the business currently at full capacity and an 18-month waiting list. Approximately 10,000 SF is dedicated to the business. Management: An established manager handles daily operations, allowing the owner to monitor remotely and spend winters in Florida. Owner's Apartment (Leased Income Potential): Estimated at $25,000+ in additional income. Growth and Development Potential: The owner has consistently invested in building improvements and business upgrades. A buyer can benefit from the existing positive cash flow while exploring future real estate development options. The properties are centrally located in downtown Rochester, NH, adjacent to a public parking lot, and include a significant off-street parking area—a rarity in the downtown area. Rochester is currently experiencing substantial new development, making this an opportune investment. Additional Information: Business Price: $150,000 Rents from Antique Dealers: $201,000 Adjusted EBITDA: $78,000 (not including potential rent from owner's apartment) Real Estate Price: $1,500,000 Total Purchase price for business and real estate: $1,650,000 Support & Training: Seller is willing to assist in support and training. Reason for Selling: Retirement NDA is required to receive the full package with financials.