High Visibilty Location on RT 125/Calef HWY - Epping
Retail-Commercial
for Sale
| Catylist Listing ID: |
30765527 |
| Property Subtypes: |
Free-Standing Building, Restaurant, Retail-Pad, Street Retail
|
| Building Size (RSF): |
7,234 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,350,000 |
| Unit Price: |
$186.62 PSF |
| Property Use Type: |
Investment, Business |
| Building Name: |
Haven Restaurant and Pondside Motel |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/18/2023 |
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.
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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 |
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 |
|
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