2-6 N Main St, Rochester, NH 03867

Property Description

2-6 N Main St contains three (3) Commercial units, one (1) 2-Bedroom/1-Bathroom unit, four (4) 1-Bedroom/1-Bathroom units, and nineteen (19) Studio units with 15,529 square feet of gross living area in 23,965 square feet of gross area. The Property is situated upon a 0.11-acre parcel and features eight (8) off-street parking spaces. 2–6 N Main Street is prominently positioned in the heart of downtown Rochester, offering exceptional access to the city's central business district, vibrant Main Street retail corridor, and surrounding residential neighborhoods. Gas powered heat & hot water is paid for by the Landlord. Tenants, excluding the commercial units, are responsible for separately metered electricity, which they pay directly. The Landlord is responsible for providing common area electric, electric for the commercial units, and city water & sewer to all units. In-place rents are below the current market rates; the opportunity exists to drive rental rates in an urban-infill, high demand/supply constrained residential market. In addition, there are 3 apartments that are in shell condition that need gut renovation to be brought on market. The Property features durable brick construction, a highly desirable attribute for multifamily housing & retail units that provides long-term structural integrity, fire resistance, and reduced maintenance requirements.