7 Wallace Street, Rochester, NH 03867

$1,895,000
Property Type: Commercial Square Footage: 10,763 Lot Size (sq. ft.): 91,912 Status: Active
Current Price: $1,895,000 List Date: 8/24/2026 Last Modified: 8/24/2026

Overview

Description

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 5 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.

Listing Details MLS# 1677527

Location Information

Street #
7
Street Name
Wallace
Street Type
Street
County
Strafford
Town
Rochester
State/Province
NH
Zip Code
03867
Leased Land
No
Book
4139
Page
268
Map
0120
Lot
0303
Zoning
Commercial (DT)
Tree Growth Y/N
No
Association Y/N
No

Contract Information

Original List Price
1895000

Property Information

Primary Use
Mixed Use
Surveyed
Unknown
SqFt Finished Total
10763
Lot Size Acres +/-
2.11

More Information

Property Features

Levels: One and One Half; Two Property Uses: Development; Industrial; Other; Retail Parking: Other Parking

Documents

IDX
Listing Office: The Norwood Group, Inc.
Last Updated: August - 24 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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