Catylist ID:
#30808208
RESTAURANT AND DEVELOPMENT SITE FOR SALE
Retail-Commercial
for Sale
| Catylist Listing ID: | 30808208 |
| Property Subtypes: | Car Wash, Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other |
| Building Size (RSF): | 14,947 SF |
| Gross Land Area: | 1.05 Acres |
| Sale Price: | $1,990,000 |
| Unit Price: | $133.14 PSF |
| Ceiling: | 14 ft. |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | Red Apple Buffet |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/2/2024 |
Overview / Comments
|
Prime Retail site on Loudon Road - located on the corner of Loudon Road and East Side Drive. This is a perfect development site for many uses. This property is a closed restaurant formerly known as The Red Apple Buffet. The 1st Floor is 10,452 +/- square feet, a finished lower level of 4,495 +/- square feet and unfinished basement of 4,915 +/- square feet. All the furniture and seating is still in place on the Main Level. Current seating is 325. There is a former bar and dance floor on the lower level. Two coolers and one cooler with freezer. Large level corner lot with lots of parking. Ideal development site! Potential to expand site. Current on-site parking is 62 parking spaces. The Owners will lease the property at $11,000 per month plus Tenant to pay the real estate taxes currently at $3,207.56 per month. |
Attachments & Media
Financials
| Finance Data Year | 2021 |
|---|---|
| Real Estate Taxes - Annual($) | $37,345 (Annual) |
| Tax Value Land | $532,900 |
| Tax Value Improvements | $953,800 |
Additional Details
| Nearest MSA: | Concord |
| County: | Merrimack |
| Taxing Authority: | City of Concord |
| Tax ID/APN: | 603/Z 47/// |
| Zoning: | CG - GENERAL COMMERCIAL DISTRICT |
| Retail Clientele: | General, Family, Business, Traveler |
| Property Located Between: | Corner of Loudon Road and East Side Drive |
| Property Visibility: | Excellent |
| Highway Access: | Minutes to Interstate 89, 93,393 and Routes 206 and 9. |
| Site Description: | Large level lot |
| Area Description: | Highly visible property on Loudon Road where large retailers, Steeplegate Mall and fast food restaurants are located. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Property Condition: | Average |
| Year Built: | 1969 |
| Year Renovated: | 2007 |
| Roof Type: | Flat |
| Construction/Siding: | Other |
| Exterior Description: | The roof is tar and gravel / rubber. |
| Parking Type: | Surface |
| Sprinklers: | Wet |
| Heat Type: | Natural Gas |
| Heat Source: | Central |
| Air Conditioning: | Engineered System |
| Zoning Description: | CG Zone allows many uses to include but limited to retail, restaurant, service uses, motor vehicle sales and service, private club, commercial indoor recreational facility, indoor health club and fitness center, medical, banking, professional and hotels / inns. |
| Lot Frontage: | 1 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,004 | 26,581 | 49,930 |
| Median Age: | 35.81 | 39.7 | 40.02 |
| Households: | 2,295 | 11,763 | 20,181 |
Contact
Wendy E. KeelerFairway Real Estate, LLCNECPE Member |
| © Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Moody's assume any liability for errors or omissions. |
