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Listed by Andrew Fleisher The Norwood Group, Inc.
$1,895,000
Est. payment /mo
10,763 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,763 sqft
Price per Sqft $176
MLS Listing ID 1677527
HOA Y/N No
Lot Size 2.110 Acres
Acres 2.11
Property Sub-Type Mixed Use
Source Maine Listings
Land Area 10763
Property Description
A rare downtown Rochester assemblage totaling 2.11± acres across two contiguous parcels (7 Wallace Street and 9, 10, 12 Hoyt Court). The portfolio includes 5 structures with approximately 10,763 SF of mixed residential, office, and industrial space, generating approximately $132,000 in gross annual income. The combined 2024 assessed value is $1,209,400. Located in the Downtown/Commercial zone with access to municipal water and sewer. Adjacent to City-owned land at 10 Wallace Street (~0.71 ac), creating potential assemblage of ~2.82± acres. Well-suited for continued income-producing use or redevelopment as senior housing, workforce multifamily, or mixed-use. Identified interest from private developers and the City of Rochester.
Location
State NH
County Strafford
Zoning Commercial (DT)
Exterior
Parking Features Other Parking
Others
Tax ID 7wallacestreetrochester03867
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Paul Rondeau
Broker Associate License ID: BA923327
Broker Associate License ID: BA923327