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15 Newmarket Rd 8,375 SF Retail Building Durham, NH 03824 $2,495,000 ($297.91/SF)
INVESTMENT HIGHLIGHTS
- Flexible 0.93± acre site with multiple redevelopment paths
- Walkable to UNH and downtown Durham
EXECUTIVE SUMMARY
15 Newmarket Road in Durham is strategically located within the New Hampshire Seacoast and directly integrated into the vibrant University of New Hampshire community, offering a compelling opportunity for multifamily redevelopment.
The property is improved with three existing structures, including a two-story main building totaling 7,175± SF, the Salt Shed at approximately 576± SF, and the Commissary building with public restrooms totaling approximately 624± SF.
Recent zoning amendments (Ordinance #2025-07) permit multi-unit residential development by right, positioning the site for a potential redevelopment. This zoning amendment creates an opportunity for developers to reposition the property into highly desirable multifamily housing, supported by strong demand.
The property is improved with three existing structures, including a two-story main building totaling 7,175± SF, the Salt Shed at approximately 576± SF, and the Commissary building with public restrooms totaling approximately 624± SF.
Recent zoning amendments (Ordinance #2025-07) permit multi-unit residential development by right, positioning the site for a potential redevelopment. This zoning amendment creates an opportunity for developers to reposition the property into highly desirable multifamily housing, supported by strong demand.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,375 SF
Building Class
C
Year Built/Renovated
1920/2023
Price
$2,495,000
Price Per SF
$297.91
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.21
Lot Size
0.93 AC
NEARBY MAJOR RETAILERS
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15 Newmarket Rd
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