Antique Mall Business & Redevelopment Opportunity in Rochester, NH
Business Description
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.
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.
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.
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.
About the Business
- Facilities & Assets
- The properties have been transformed into a successful antique mall, previously operating as a furniture store for many years. 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. There is an apartment on the second floor with a private entrance. The apartment is 7 rooms, 1 bath, separate electric and heat metering, private entrance, patio, screened-in porch, and has a workshop. The owner uses this when he's in town.
- Market Outlook / Competition
- Very little competition in the area.
- Opportunities for Growth
- The Redevelopment of the property is the #1 opportunity with the business and apartment providing cash flow to a buyer while they work on getting approvals for the project.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 12,891
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- There is a Manager in place for the business. In addition, the Seller is willing to assist in support and training.
Listing Info
- ID
- 2404645
- Listing Views
- 738
Attached DocumentsAttachment Disclaimer
FS_NDA_Antique_Mall_Business_along_with_Valuable_Real_Estate_in_Downtown_Rochester_NH_3185.pdf
Listing ID: 2404645 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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