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Downtown Redevelopment Opportunity 2 Properties in Rochester, NH
Executive Summary
Downtown Rochester Income-Producing Redevelopment Assemblage
(6 structures: 2 commercial units, 3 residential buildings, & 1 Outbuilding- Barn)
A rare downtown Rochester assemblage totaling 2.11± acres across two contiguous parcels (7 Wallace Street and 9, 10, 12 Hoyt Court). The portfolio includes 6 structures with approximately 10,763 SF of mixed residential, office, and industrial space, generating approximately $132,000 in gross annual income. The combined 2024 assessed value is $1,209,400. Located in the Downtown/Commercial zone with access to municipal water and sewer. Adjacent to City-owned land at 10 Wallace Street (~0.71 ac), creating potential assemblage of ~2.82± acres. Well-suited for continued income-producing use or redevelopment as senior housing, workforce multifamily, or mixed-use. Identified interest from private developers and the City of Rochester.
$2,295,000 - $2,495,000
(6 structures: 2 commercial units, 3 residential buildings, & 1 Outbuilding- Barn)
A rare downtown Rochester assemblage totaling 2.11± acres across two contiguous parcels (7 Wallace Street and 9, 10, 12 Hoyt Court). The portfolio includes 6 structures with approximately 10,763 SF of mixed residential, office, and industrial space, generating approximately $132,000 in gross annual income. The combined 2024 assessed value is $1,209,400. Located in the Downtown/Commercial zone with access to municipal water and sewer. Adjacent to City-owned land at 10 Wallace Street (~0.71 ac), creating potential assemblage of ~2.82± acres. Well-suited for continued income-producing use or redevelopment as senior housing, workforce multifamily, or mixed-use. Identified interest from private developers and the City of Rochester.
$2,295,000 - $2,495,000
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 6,191 SF |
| Number of Properties | 2 | Total Land Area | 2.13 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,191 SF |
| Total Land Area | 2.13 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 7 Wallace St, Rochester, NH 03867 | Industrial | 2,771 SF | 1950 | - |
| 10 Hoyt Ct, Rochester, NH 03867 | Multifamily | 3,420 SF | 1881 | - |
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