Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30208262
Property Subtypes: Street Retail
Status: Pending/Contingent
Building Size (RSF): 28,752 SF
Gross Building Area: See Agent
Gross Land Area: 0.49 Acres
Sale Price: $980,000
Unit Price: $34.08 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/22/2018

Overview / Comments

Landmark income property at the entrance to downtown Laconia featuring 28,752 SF of finished retail space. 100% occupied and a long term rental history. Stable tenant mix featuring Family Dollar, Empire Beauty Schools, and The Whiskey Barrel entertainment venue. All parking is city owned, plowed and maintained including lighting, so operational expenses are extremely low. 100 spaces located in the back Beacon Street West lot, and another 190 across the street in the free city parking garage. This is a buy and hold property. Current ownership has owned this property since 1991. Full financials available with NDA. Agent has personal interest.


Finance Data Year 2018
Real Estate Taxes - Annual($) $17,932 (Annual)

Additional Details

Nearest MSA: Laconia
County: Belknap
Taxing Authority: Laconia
Tax ID/APN: 442/142/4
Zoning: DRD
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Main Street and Beacon Street West
Property Visibility: Excellent
Largest Nearby Street: Route 106 and Route 3
Feet of Frontage: 215
Traffic/Vehicle Count: 13,000
Highway Access: 10 Minutes to 1-93 Exit 20 in Tilton
Airports: Lakes Region
Area Description: Downtown - Main St.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Good
Year Built: 1969
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Structure, Other
Parking Description: 100 Space Public Parking Lot in back and 190 Space Public Parking Garage across the street.
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: DRD
Lot Frontage: 215
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: See Deed

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,724 19,347 26,076
Median Age: 37.69 42.99 43.56
Households: 2,861 8,062 10,920


Photograph of Listing Agent

Kevin Sullivan

Weeks Commercial NECPE Member
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