
Rochester NH Merchants Plaza, a 15,000 s/f mixed use commercial building located at 1 Old Dover Rd. and a 1,152 s/f commercial freestanding building at 682 Columbus Ave. have been sold by Jody Skaff and Catie Medeiros of The Kane Company.
Merchants Plaza, at one time a trolley repair facility, now serves as an office/retail building at a major intersection in downtown. The 1,152 s/f building was most recently used as an ice cream venue.
Humoresque LLC of Rochester purchased the two properties from SWD Property Management LLC for $835,000.
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.