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Presented by
Kate Connelly |
Investors and Owner-occupants - don’t miss this exceptional mixed use opportunity in the heart of Alton Village. This versatile Commercial / Residential property is packed with opportunity. The second level features a spacious 1, 700 sq. ft. one-bedroom Apartment with beautiful hardwood floors, barrel ceiling, a 3/4 bathroom and in-unit laundry. The first floor offers approximately 1, 700 sq. ft. of adaptable commercial and / or residential space, currently configured with multi-offices, conference room, kitchenette and half bath, with excellent street-front windows, making it ideal for professional offices, retail, or a variety of business uses as it has been in the past. Looking to maximize your investment? A major advantage of this property is the recently update septic system, that was designed and approved to accommodate an additional One-bedroom Apartment. This provides excellent future potential. Located in the center of charming Alton Village, walking distance to shops, restaurants, banks, the library and other local amenities. Also, you're just one mile from beautiful Lake Winnipesaukee, making this an attractive location for residents, businesses and visitors alike. This property is currently vacant and ready for the next investor seeking strong rental potential or a business owner looking for a live / work property. In 2023 the property was generating $51, 300 in gross revenue. $2, 000 / month for the second floor and $2, 300 / month for the first floor. The most recent lease for the first floor was $2, 700 / month.
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/4/2026Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
Sales Associate
William Raveis Real Estate
Phone: 508.259.7279
Kate.Connelly@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 781.490.5670
Andrew.vanDyk@raveis.com
NMLS Mortgage Loan Originator ID 23716
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $360,000 | $360,000 | $360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $448 | $448 | $448 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,156 | $2,273 | $2,989 |
| Total Monthly Payment | $2,679 | $2,796 | $3,512 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.