Two-Building Net-Leased Investment with Development Potential

Two-Building Net-Leased Investment with Development Potential

Net-Leased Investment Opportunity with Expansion Potential 445 High Street presents an exceptional opportunity to acquire a fully leased, two-building net investment property on 4.55± acres in one of Somersworth's most active commercial corridors. The property includes a 7,717± SF retail building leased to a nationally recognized furniture, appliance, and electronics retailer, and a 1,440± SF detached garage/service building leased to an established local automotive repair business. The property provides stable in-place cash flow and benefits from recent capital improvements, including a new roof, new furnace, updated HVAC systems, and additional upgrades, reducing near-term capital expenditures. The main building also includes three additional mezzanine-level offices. While not presently accessible due to removal of the former stairway, the offices offer potential future use subject to restored access and applicable approvals. The property features drive-in access, municipal water and sewer, natural gas, and three-phase power. The 4.55± acre site also offers substantial excess land with potential for future expansion or redevelopment, subject to municipal approvals. Approximately 400 feet of frontage along Route 108 provides excellent visibility and convenient access to Routes 9, 16 (Spaulding Turnpike), and I-95. Stable tenancy, recent capital improvements, and excess land make 445 High Street an attractive investment opportunity offering dependable cash flow with long-term upside. Virtual Tour of Building: https://my.matterport.com/show/?m=WeP9wwtXNVW Virtual Tour of Garage: https://my.matterport.com/show/?m=hcETrJmYiwt