List Price: $199,900 | $83 per sq.ft. | 6 Bedroom | 3 Bathroom | 2 Story Single Family Home
Price Change! Reduced by $80,000 down 40% on May 1st 2026
Under Contract
Listed Thursday Mar 12, 2026 | MLS# 5079126
271 Main Street Wakefield NH
Listed by Michael Dower Assets Realty Group
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.
Total Rooms: 14
Total Baths: 3
Full Baths: 1
1/2 Baths: 1
3/4 Baths: 1 0
Total Bedrooms: 6
Basement: Bulkhead | Dirt | Full | Interior Stairs | Unfinished | Interior Access | Exterior Access | Basement Stairs
Year Built: 1900
Type: Timber Frame

Building Info
Finished Sq.Ft.: 3690
Above Grade Sq.Ft.: 2400
Below Grade Sq.Ft.: 0
Apx Below Grade Unfinished Sq.Ft.: 750

Exterior Info
Style: Cape
Exterior Color white
Roof: Other Shingle

Utilities
Electric: 100 Amp Service
Water: Driven Point | On-Site Well Exists | Private | Unknown
Sewer: On-Site Septic Exists | Private | Unknown | Septic

Land Description:
Corner | Curbing | Pond Frontage | Pond Site | River | River Frontage | Sidewalks | Stream | Water View | Waterfront | In Town
Lot size: 0.52 acres
Zoned: Business Cmmercial
Surveyed: Unk
Flood Zone: Unknown
Seasonal: No
Road Frontage: 500
Driveway: Gravel



Block - 050
Taxes $2,804
Assesed Value Not Reported
Schools
School District: Wakefield

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