Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 10.16% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet. As you step in, you’ll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more. Both buildings need some TLC.
Property Details
Property Features
Property Information:
Year Built: 1970
Stories: 1
Living Area: 3,015 SqFt
Listing Office:
Office Name: RE/MAX Shoreline
Office Phone: (603) 431-1111
Listing Agent: Andy Yau
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 1.40 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Other
Price Information
Listing Price Info
Price Summary:
List Price: $549,999
Price Per SqFt: $182/SqFt
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Housing Market Comparison
See how this home compares to others in Rochester, NH.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/26/2024, 2:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
School Street School
13 School St
Distance between this listing and this school1.02 miles
Public District Grades KG-4
4
/10
Maple Street Magnet School
27 Maple St
Distance between this listing and this school1.18 miles
Public Magnet Grades KG-5
2
/10
Chamberlain Street School
65 Chamberlain St
Distance between this listing and this school1.36 miles
Public District Grades KG-5
Nearby Schools
2
/10
Rochester Middle School
47 Brock St
Distance between this listing and this school1.78 miles
Public District Grades 6-8
3
/10
Nute Junior High School
22 Elm St
Distance between this listing and this school6.14 miles
Public District Grades 6-8
5
/10
Somersworth Middle School
7 Memorial Dr
Distance between this listing and this school6.81 miles
Public District Grades 6-8
Nearby Schools
4
/10
Spaulding High School
130 Wakefield St
Distance between this listing and this school0.48 miles
Public District Grades 9-12
1
/10
Bud Carlson Academy
Rochester School Department
Distance between this listing and this school1.03 miles
Public District Grades 9-12
2
/10
Nute High School
22 Elm St
Distance between this listing and this school6.14 miles
The neighbors living near this home have an average income of $32,814. The majority of Rochester, NH residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 287-289 Milton Rd
What is the listing price of this property?
The listing price of 287-289 Milton Rd property is $549,999.
What type of property is this?
The property 287-289 Milton Rd is land located in Rochester, New Hampshire, 03867.
Is this property for sale now?
Active Listing: 287-289 Milton Rd is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 287-289 Milton Rd in Rochester, NH and zip code 03867. This 3,015 square foot home, which was built in 1970, sits on a 1.40 acre lot. It has been listed on Rocket Homes since June 01, 2023 and is currently priced at $549,999.
In March 2024, from all listings sold in Rochester, NH there were more than 18 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price. The number of homes for sale in Rochester, NH decreased by 6.5% between February 2024 and March 2024.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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