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328 Route 3 3,360 SF 100% Leased Retail Building Meredith, NH 03253 $1,700,000 ($505.95/SF)



Executive Summary
Well-maintained, low-maintenance mixed-use investment property in the heart of downtown Meredith. Ideally located just north of the Route 3 traffic light, this highly visible property offers frontage on two streets and exceptional daily traffic exposure.
The property features a large commercial space, two residential apartments, and excellent income potential. On the 33 Plymouth Street side, the commercial area includes two individual offices with separate entrances that share a common hallway and bathroom. One office is currently used as a linen room by the existing tenant, but the layout allows the lower-level commercial space to be leased as up to three separate office suites, providing added flexibility and the opportunity to maximize rental income.
A prominent multi-tenant sign along Route 3 offers outstanding visibility with NHDOT traffic counts averaging approximately 17,000 vehicles per day. Paved parking with access from two streets, plus adjacent municipal parking, provides convenience for tenants and customers. Public water, public sewer, mini-split heat and A/C, and hard-wired smoke detectors throughout help keep operating costs predictable.
With leases turning over, buyers can establish new lease terms at market rates, reconfigure the commercial space, or operate their own business while generating rental income.
Located just moments from Meredith Bay and Lake Winnipesaukee, the property offers boat parking, a nearby public launch, and easy access to downtown shops, restaurants, and the waterfront. Bank of NH Pavilion, Gunstock, the White Mountains, Route 104, and I-93 are all within easy reach.
Don't miss this opportunity to own a flexible, income-producing property in one of the Lakes Region's most desirable downtown locations.
The property features a large commercial space, two residential apartments, and excellent income potential. On the 33 Plymouth Street side, the commercial area includes two individual offices with separate entrances that share a common hallway and bathroom. One office is currently used as a linen room by the existing tenant, but the layout allows the lower-level commercial space to be leased as up to three separate office suites, providing added flexibility and the opportunity to maximize rental income.
A prominent multi-tenant sign along Route 3 offers outstanding visibility with NHDOT traffic counts averaging approximately 17,000 vehicles per day. Paved parking with access from two streets, plus adjacent municipal parking, provides convenience for tenants and customers. Public water, public sewer, mini-split heat and A/C, and hard-wired smoke detectors throughout help keep operating costs predictable.
With leases turning over, buyers can establish new lease terms at market rates, reconfigure the commercial space, or operate their own business while generating rental income.
Located just moments from Meredith Bay and Lake Winnipesaukee, the property offers boat parking, a nearby public launch, and easy access to downtown shops, restaurants, and the waterfront. Bank of NH Pavilion, Gunstock, the White Mountains, Route 104, and I-93 are all within easy reach.
Don't miss this opportunity to own a flexible, income-producing property in one of the Lakes Region's most desirable downtown locations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,360 SF
Building Class
C
Year Built
1975
Price
$1,700,000
Price Per SF
$505.95
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
0.25 AC
Zoning
CB
Parking
15 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
130’ on Route 3
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | MERE-000007U-000087 | Improvements Assessment | $336,600 |
| Land Assessment | $170,900 | Total Assessment | $507,500 |
Property Taxes
Parcel Number
MERE-000007U-000087
Land Assessment
$170,900
Improvements Assessment
$336,600
Total Assessment
$507,500
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