271 Main Street, Wakefield, NH
Single Family Residence
Listed by Assets Realty Group · Michael D Dower
Property Description
Prime mixed-use investment opportunity in the heart of Union Village. This historic two-story New Englander, formerly a general store and retail space, offers outstanding visibility and flexible business/commercial zoning, making it ideal for an investor or contractor seeking a true value-added project. Seller will be re-roofing the main structure, reducing a major upfront expense; however, the property will require significant updating, making it well-suited for renovation and repositioning. The main building features a spacious upper-level apartment, ideal for rental income or owner occupancy, while a separate Cape-style house provides an additional income-producing unit or guest space. Multiple buildings create strong potential for diversified cash flow. With wide redevelopment potential, the property lends itself to a variety of uses including a home business, Airbnb/short-term rental, retail storefront, café, or a revived general store. Set along scenic Drew Mill Pond, the location enhances its appeal for tenants and guests. Conveniently located near the Seacoast, lakes, and the Mount Washington Valley, the area supports steady year-round demand. Offered below assessed value, this is a compelling opportunity to add value and maximize long-term returns.
Property Details
Essentials & finishes
- Bedrooms:6
- Total Baths:3
- Full Baths:1
- SqFt:2,400
- Price / SqFt:$79.13
- Property Type:Single Family Residence
- Year Built:1900
- County:NH-Carroll
- Town:Wakefield, NH
- Status:Active
- Days on Market:100
Primary Features
Interior Features
Location Information
Financial Details
Additional
External Features
Property History
Annual taxes for this property
| Year | Assessed Tax |
|---|---|
| 2024 | $3,228 |
| 2023 | $3,147 |
| 2022 | $3,067 |
Estimated from list price; verify with the town assessor.
Market Data
Live snapshot computed from active listings in this town
- Active listings in Wakefield41
- Average list price$671,525
- Price range$37,500 – $1,150,000
- Market sentimentBuyer's Market
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- Principal & Interest$960
- Property Tax$269
- Home Insurance$67
Estimates use typical New Hampshire costs — a 1.7% effective property-tax rate, insurance at 0.25% of home value/yr, and PMI below 20% down. Actual town tax rates vary; verify with your lender and the town assessor.
Tom DeMatteo
Owl’s Nest Real Estate · Questions?
Market Sentiment
Buyer's MarketBased on 41 active · 0 sold in Wakefield (last 90 days)
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