Turnkey Restaurant in West Alton
Retail-Commercial
for Sale
| Catylist Listing ID: |
30738518 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Restaurant
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| Building Size (RSF): |
5,934 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.22 Acres
|
| Sale Price: |
$849,000 |
| Unit Price: |
$143.07 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/16/2024 |
Overview / Comments
Located on high traffic Rt. 11 in Alton, this property is now offered for sale as a turn key restaurant. The main floor seats 95 guests, including the bar. There is a second floor function room that seats 46, and an owner's apartment with three bedrooms on the third floor. This is a great opportunity for a chef/restauranteur, or for an expansion location of a current restaurant.
The second floor was remodeled to accommodate more seating and the third floor was remodeled for the occupancy of the owners/chef housing. Extensive renovation and many updates have been done to the building, including a brand new fully equipped kitchen, power upgrades, HVAC, septic upgrades and internal flow remodeling.
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Additional Details
| Nearest MSA: |
Laconia |
| County: |
Belknap |
| Tax ID/APN: |
63-13 |
| Zoning: |
LR |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention |
| Property Located Between: |
Alton Bay and Gilford |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Mt Major Highway |
| Feet of Frontage: |
271 |
| Traffic/Vehicle Count: |
6,000 |
| Highway Access: |
All roads are secondary highways. |
| Airports: |
Laconia Airport |
| Site Description: |
Site is level to sloping. There are steps of plateaus that have different levels and uses. Parking at street level off Mt Major highway, long frontage there. There is additional parking on the second level down, which is at basement level entry. There is a third level below for overflow parking and the potential to add a deck behind the building. |
| Area Description: |
The Lakes Region consists of 30 communities with the population of approximately 112,000 people. Nearly 30% of all homes are seasonal. There is a substantial increase in the population during the summer season. An average visitor spends at least $85.00 per day. Great opportunity to own your own restaurant in the Lakes Region.
Alton is located at the southern end of Lake Winnipesaukee, around the 4-mile-long (6.4 km) inlet known as Alton Bay. The town is a great vacation spot for people visiting the lake and Alton Bay. The highest point in Alton is the north peak of Straightback Mountain, at 1,910 ft (580 m), just west of Mount Major. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Typical SF / Floor: |
2,000 SF |
| Year Built: |
1920 |
| Year Renovated: |
2018 |
| Roof Type: |
Gable |
| Construction/Siding: |
Stucco |
| Exterior Description: |
Combination of Stucco and stone. Attractive entryway and steep roofline. |
| Parking Type: |
Surface |
| Parking Description: |
Both paved and gravel lots in three sections. |
| Sprinklers: |
None |
| Heat Type: |
Oil |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit, Other |
| Interior Description: |
Fully renovated in 2018-19. New Kitchen with all the best equipment and new coolers etc. Long hood vent with great makeup air. Plenty of seating with a combination of hightops and regular tables. Plenty of natural light with lots of windows for an open feeling. The bar is quite long and promotes the neighborhood feeling and sitting with friends. Second floor has additional seating providing overflow and function space, with a room for food service and prep coming up the back stairs from the kitchen. It also has a managers room that was constructed to keep unwanted persons out. Third floor has an owner apartment that renovations were not 100% finished, but close. |
| Lot Frontage: |
251 |
| Lot Depth: |
varied |
| Water Service: |
Well |
| Sewer Type: |
Septic |
| Easements: |
Other |
| Easements Description: |
A ROW exists on the very bottom of the property on the north east side. |
| Land Ownership: |
Fee simple |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
5,272 |
8,948 |
| Median Age: |
48.41 |
49.59 |
| Households: |
2,248 |
3,962 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
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