Properties

Property Description

HUGE commercial building in the heart of Downtown Hillsborough offers great potential for investors & entrepreneurs! Street-level has 5 units (3 lg./2 sm. – printing company in one) and basement level has 4 units (3 occupied – salon, barber shop, & management company), as well as an impressive and usable brick/stone cellar that’s great for storage & a separate lg. storage space that goes w/ Unit C. Most units have their own 1/2 baths. On the top floor are 2 large 1-bedroom apartments w/ electric heat (not currently rentable due to upgrades being required to meet building/fire codes), a huge storage space & an attic annex for Unit A. Buyers to do their own due diligence in regards to what it would take to get the apartments/top floor rentable. An upgrade to the heating system that services the street and basement level units, including a new boiler and a new masonry chimney, was completed in the fall of 2021 at a cost of $57,000, w/ metering in place to allow for a future owner to have the tenants pay their own heat, which is currently paid by the owner. Projected yearly gross income if the 9 current street/basement units are fully rented is $82,800 based on current and past rental amounts (some are under market), w/ potential to increase this figure if a future owner chooses to pursue doing what it takes to get the top floor units rentable! Lots of on-street parking and several municipal lots within 1 block of this building. Great income potential here…check it out!

Property Details
Active
$13, 760
2021
0
Central Business
13, 068 Sqft
Yes
$0
247
Unknown
Location
3 School Street
NH-Hillsborough
US
NH
Hillsborough
03244
NH-Hillsborough
No
Use GPS. Right in Downtown Hillsborough, at the light at the 4-way intersection of School St, Henniker St., West Main St. and Deering Center Rd (Rte 149).
Exterior
: On Street, Other
Wood Frame
Brick, Stone
Shingle
0
Corner, Neighbor Business, Sidewalks, Street Lights
Interior
: Full, Partially Finished, Storage Space, Concrete Floor, Walkout
Room Details
Land/Building
Utilities
Public
: Hot water, Baseboard, Electric
: Other, Wall Ac Units
Public
Electric, Oil
Internet - Cable
Listing Info
Amanda
Blevens
Bean Group / Peterborough

For Sale

3 School Street, Hillsborough, New Hampshire 03244

0.30 Acre
$525,000
Bean Group / Peterborough
Amanda Blevens
MLS # 4897714
Basic Info
Property Type :
Listing Type : For Sale
Price : $525, 000
Lot Area : 0.30 Acre
Year Built : 1900
MLS # : 4897714
Days On Market : 1
Agent info
Cowan & Zellers
Contact Agent