www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
11505445
11505444

287 Milton Rd, Rochester, NH 03868

AY
NH NH 074320, ME ME BA922374
Remax Shoreline Commercial
Listed by Remax Shoreline Commercial
$495,000
1112 days on market
Updated 81 days ago

287-289 Milton Rd

Details
Property Type Land, Mixed Use (+3)
Sub Type Restaurant, Single Family Rental Portfolio (+1)
Square Footage 3,015
Units 2
Cap Rate 11.78%
NOI $58,300
Tenancy Multi
Brand/Tenant N/A
Lease Type NNN
Pro-Forma Cap Rate 11.29%
Pro-Forma NOI $55,900
Price per SqFt $164
Year Built 2006, 1970
Buildings 2
Stories 2
Acreage 1.400
Zoning Highway Commercial
Investment Type Value Add
Ground Lease No

2 Buildings on a 1.4 Acre Lot With Potential to Subdivide | 11.78% Potential Cap Rate

Marketing description

BACK ON MARKET!

Full Video Tour: https://www.youtube.com/watch?v=SS2VJGYKdaE

Learn More: www.287Milton.com

Look no further, two buildings on a 1.4 acre parcel with an incredible 620 feet of frontage with potential to subdivide! The value is more in the sum of the parts. It gets sweeter from here, as the property is located on HC zoning which would potentially allow another 2-3 multifamily unit to be built. The potential cap rate stands at 11.78% as a result of low expenses, due to separate buildings, and a preferred triple net setup. The commercial building was built from ground-up in 2006 with 1700 SF and it comes with some remaining restaurant equipment. Enjoy built in coolers and a bright illuminated restaurant. The possibilities are endless. Run your business while living in the 4 bedroom cape built in 1970, with 1300 square feet or convert it to multiple units of office space. As you step in, you’ll appreciate the nice kitchen that is accompanied with the beautiful hardwood floors seen throughout the first level. The home showcases its character and charm with its wood trim and elegant wood panels. in addition, the home offers an incredible backyard with great views, and it is conveniently close to the Salmon River, which is perfect for fishing bass and perch. The location is conveniently situated near the border of Maine, 30 minutes to Portsmouth and is close to major routes, restaurants, convenience stores, and more.

Investment highlights

2 Buildings on a 1.4 Acre Lot With Potential to Subdivide

Potential to build multifamily

10.16% Potential Cap Rate

Full Video Tour: https://www.youtube.com/watch?v=SS2VJGYKdaE

Learn More: www.287Milton.com

Listing Contacts

AY
NH NH 074320, ME ME BA922374
Remax Shoreline Commercial
Listed by Remax Shoreline Commercial

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,300.00
$4,858.33/mo

Valuation Metrics

0
DSCR
11.78%
Cap Rate
11.78%
ROI

Map

Zoning

Intelligence Badge
HC CommercialSpecial CommercialHighway Commercial
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 143 uses
View all 143 uses
Last updated Jun 2, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Andy Yau
License
NH 074320
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591