$450,000

About this home

PRICE REDUCED $49k – Now being Offer $67,900 Below Property Assessed Value. Investors and Owner-occupants - don’t miss this exceptional mixed use opportunity in the heart of Alton Village. This versatile Commercial / Residential property is packed with opportunity. The second level features a spacious 1,700 sq. ft. one-bedroom Apartment with beautiful hardwood floors, barrel ceiling, a 3/4 bathroom and in-unit laundry. The first floor offers approximately 1,700 sq. ft. of adaptable commercial and / or residential space, currently configured with multi-offices, conference room, kitchenette and half bath, with excellent street-front windows, making it ideal for professional offices, retail, or a variety of business uses as it has been in the past. Looking to maximize your investment? A major advantage of this property is the recently update septic system, that was designed and approved to accommodate an additional One-bedroom Apartment. This provides excellent future potential. Located in the center of charming Alton Village, walking distance to shops, restaurants, banks, the library and other local amenities. Also, you're just one mile from beautiful Lake Winnipesaukee, making this an attractive location for residents, businesses and visitors alike. This property is currently vacant and ready for the next investor seeking strong rental potential or a business owner looking for a live / work property. In 2023 the property was generating $51,300 in gross revenue. $2,000 / month for the second floor and $2,300 / month for the first floor. The most recent lease for the first floor was $2,700 / month.

Property details

MLS #

5032199

Property type

Commercial Sale

Subdivision

N/A

Status

Active

Days on market

516

On market date

N/A

Stories

N/A

Garage spaces

N/A

Lot size

0.1 acres

Nearby schools

Within 10 miles · public school directory data (NCES)