Description
Exciting opportunity for a real estate developer in the heart of Rochester, NH. The properties at 19 and 21 Union Street currently house a thriving antique mall and a part-time owner-occupied apartment.
Here are the key details:
Property Information:
Addresses: 19 and 21 Union Street (separately deeded properties)
Apartment at 21 Union Street (2nd Floor): 7 rooms, 1 bath, separate electric and heat metering, private entrance, patio, screened-in porch, and workshop.
Connection: The two properties are connected by a finished cement block walkthrough
Total Lot Size: 18,231 SF
Effective Area: 12,891 SF
Main Store Location: 15-17-19 Union St.
Annual Property Taxes: $14,795
Business Overview (Antique Mall):
The properties have been transformed into a successful antique mall, previously operating as a furniture store for many years.
Vendor Booths: Approximately 190+ vendor booths are rented, with the business currently at full capacity and an 18-month waiting list.
Approximately 10,000 SF is dedicated to the business.
Management: An established manager handles daily operations, allowing the owner to monitor remotely and spend winters in Florida.
Owner’s Apartment (Leased Income Potential): Estimated at $25,000+ in additional income.
Growth and Development Potential:
The owner has consistently invested in building improvements and business upgrades. A buyer can benefit from the existing positive cash flow while exploring future real estate development options.
The properties are centrally located in downtown Rochester, NH, adjacent to a public parking lot, and include a significant off-street parking area—a rarity in the downtown area. Rochester is currently experiencing substantial new development, making this an opportune investment.
Additional Information:
Business Price: $150,000
Rents from Antique Dealers: $201,000
Adjusted EBITDA: $78,000 (not including potential rent from owner’s apartment)
Real Estate Price: $1,500,000
Total Purchase price for business and real estate: $1,650,000
Support & Training: Seller is willing to assist in support and training.
Reason for Selling: Retirement
To learn more about this business, please complete the attached NDA and email to us at info@FirstStreetbb.com. Location shown on the map below is not correct due to confidentiality.
The Broker of record for the real estate is Aland Commercial at 603-501-0463.
