Commercial for Sale: 3 School Street, Hillsborough, NH 03244 SOLD

$400,000
$400,000
3 School Street, Hillsborough, NH 03244 SOLD
$400,000
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Selling Price: $400,000
Original List Price: $525,000
Sold at 76.2% of list price
Sold Date: 08/05/2022

Type Commercial
Lot Size 0.30 acres
Year Built 1900

City Hillsborough
County Hillsborough

MLS 4897714
Status Closed
DOM 116 days
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!

Lot & Building Features

Utilities Internet - Cable
Cooling Other, Wall AC Units
Heating Baseboard, Hot Water, Electric
Parking Description On Street, Other
Sewer Public
Tax Year 2021
Basement Description Concrete Floor, Walkout, Storage Space, Partially Finished, Full
Foundation Brick, Stone
Roof Shingle

Price History of 3 School Street, Hillsborough, NH

Date Name Price Difference
02/10/2022 Listing Price $400,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 3 School Street, Hillsborough, NH

Location Map Street View
Photo of Amanda Blevens
Amanda Blevens
Associate Broker/Owner
Direct: 603-344-1276
Office
6 Henniker Street
Hillsborough, NH 03244
603-464-2899
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PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of:

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. Data last updated 11/30/2024