High Visibilty Location on RT 125/Calef HWY - Epping

Retail-Commercial for Sale
Catylist Listing ID: 30745691
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad, Street Retail
Building Size (RSF): 7,234 SF
Gross Building Area: See Agent
Sale Price: $1,650,000
Unit Price: $228.09 PSF
Property Use Type: Investment, Business
Building Name: Haven Restaurant and Pondside Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/24/2021

Overview / Comments

High visibility location on NH RT 125/Calef Highway locatedjust off of Exit 7 of NH RT 101 with 500ft +/- of frontage.  This location has traffic counts of 21,000VPD dating from 2015 with traffic increasing since then.  This property comprises two parcels totaling 5.3+/- acres of flat land with little or no visible wetland area.  Property has a small man-made pond. Current zoning is HC - Highway Commercial with permitted use of retail/wholesale and professional establishments as well as commercial planned development and many other uses.  Property is located adjacent to high density residential zoning. Take over the well-known existing PondsideHotel with 16 units (half with appliance kitchens) and the Haven Restaurant with100+ seats (24 inside/80 outside with room for expansion) or redevelop the property.  Restaurant, which was built in 1986, previously held a beer and wine license for both inside and outside dining. Property has two wells, municipal sewer, three phase power, and easy access to NH RT 101 and Manchester-Boston Regional Airport.  Property has city water available at the street.  Selling price includes land,business, and FF&E.  

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 023/036/001
Zoning: HC - HIGHWAY COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Elm St
Feet of Frontage: 600
Traffic/Vehicle Count: 21,000
Highway Access: NH RT 101 One mile south of location. Adjacent to NH RT 125.
Airports: Manchester-Boston Regional Airport
Site Description: Flat.
Total Number of Buildings: 4
Property Condition: Fair
Year Built: 1950
Year Renovated: 1970
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface
Parking Description: Paved parking and open gravel area. Numerous parking spaces.
Heat Type: Electricity, Propane
Heat Source: Baseboard
Zoning Description: Highway Commercial the purpose of which is to attract new commercial development and increase professional services which will be beneficial to town residents. The property is adjacent to high density residential zoning.
Lot Frontage: 600
Water Service: Well
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,409 8,590 25,539
Median Age: 40.22 40.51 41.36
Households: 565 3,239 9,335

Contact

Photograph of Listing Agent

Bill Riffert

Bean Group NECPE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.