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Fully Approved 6 Unit Multi-Family 343 Main St 4,000 SF 100% Leased Office Building Sandown, NH 03873 $1,200,000 ($300/SF)
Investment Highlights
- Fully Approved - Ready for Permits to be Pulled- Plans in Hand
- 2 Car Garage to Rent for Additional Income
- Separate Utilities
- 3- Two Bedroom Apartments / 2- One Bedroom Apartments/ 1- Studio
- Large Unfinished Basement - Storage or Possible Coin Laundry
- Ample on Site Parking
Executive Summary
Fully Entitled 6-Unit Multi-Family | Value-Add | Ready for Rehab
Rare opportunity to acquire a fullyapproved 6-unit multi-family asset with moderate rehab and strong upside. The unit mix includes one 2-bedroom/1.5 bath, two 2-bedroom/1-bath units, two 1-bedroom/1-bath units, and one large studio, all positioned to achieve full market-rate rents upon completion. Originally built in 1986 as a mixed-use retail and residential property, the asset’s highest and best use has evolved into a fully residential income-producing investment.
The property is well-positioned for a streamlined development process, with full architectural plans in place, including demolition and construction schedules, and all town approvals secured—ready for immediate permit pull. A local builder has already provided a rehab estimate and is prepared to begin work. Additional value can be realized through a large unfinished basement and a two-car garage, offering potential for storage or supplemental rental income. The site also provides ample on-site parking to support tenant demand.
Situated in the heart of the village within walking distance to Triple Elm Coffee shop, Bruchetti’s Pizza, A and M Sandown Market, Rockingham Rail Trail, Post Office, Library, Town Beach, the historic Sandown Train Depot and the Sandown Meeting House.
Rare opportunity to acquire a fullyapproved 6-unit multi-family asset with moderate rehab and strong upside. The unit mix includes one 2-bedroom/1.5 bath, two 2-bedroom/1-bath units, two 1-bedroom/1-bath units, and one large studio, all positioned to achieve full market-rate rents upon completion. Originally built in 1986 as a mixed-use retail and residential property, the asset’s highest and best use has evolved into a fully residential income-producing investment.
The property is well-positioned for a streamlined development process, with full architectural plans in place, including demolition and construction schedules, and all town approvals secured—ready for immediate permit pull. A local builder has already provided a rehab estimate and is prepared to begin work. Additional value can be realized through a large unfinished basement and a two-car garage, offering potential for storage or supplemental rental income. The site also provides ample on-site parking to support tenant demand.
Situated in the heart of the village within walking distance to Triple Elm Coffee shop, Bruchetti’s Pizza, A and M Sandown Market, Rockingham Rail Trail, Post Office, Library, Town Beach, the historic Sandown Train Depot and the Sandown Meeting House.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
4,000 SF
Building Class
C
Year Built
1986
Price
$1,200,000
Price Per SF
$300
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Building FAR
0.09
Lot Size
1.00 AC
Zoning
B-1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | SDWN-000010-000032-000001 | Improvements Assessment | $428,900 |
| Land Assessment | $174,800 | Total Assessment | $603,700 |
Property Taxes
Parcel Number
SDWN-000010-000032-000001
Land Assessment
$174,800
Improvements Assessment
$428,900
Total Assessment
$603,700
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Fully Approved 6 Unit Multi-Family | 343 Main St
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