Retail/Office/Hospitality

Retail-Commercial for Sale
Catylist Listing ID: 30520256
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 14,711 SF
Gross Land Area: 5.90 Acres
Sale Price: $950,000
Unit Price: $64.58 PSF
Property Use Type: Investment, Business
Usable Size (USF): 14,711 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2019

Overview / Comments

This former office building and retail space offers many opportunities for the next owner. The building sits on a prime lot with frontage on Route 16 and Route 16A allowing for premium visibility to passing traffic. Ample road frontage for easy access and grandfathered signage increase the potential value for another business venture. The space could be converted into a variety of uses like a restaurant, contemporary hotel/lodge or apartment building. There is ample land available with the option to purchase adjoining land and/or additional land and building for further development. The location of the property lends itself to commercial and residential development. For residential purposes this property is located in the heart of Mount Washington Valley and offers great access to all the natural resources and attractions that tourists and visitors appreciate. For commercial opportunities consider the direct distance to the markets of North Conway, Littleton and Gorham NH.

Attachments & Media

Additional Details

Nearest MSA: Berlin
County: Carroll
Submarket/Township: Conway/North Conway
Tax ID/APN: 1RT16A/255
Zoning: COMMERCIAL
Retail Clientele: Business, Tourist, Recreation
Property Located Between: North Conway and Storyland
Property Visibility: Excellent
Largest Nearby Street: Route 302 and 16
Feet of Frontage: 675
Traffic/Vehicle Count: 12,000
Highway Access: Direct
Site Description: Level lot with adequate septic. Potential to increase footprint or density.
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Fair
Year Built: 1900
Year Renovated: 1990
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: Contemporary design with lots of natural light. Complementary grounds and parking2
Parking Type: Surface
Parking Description: Easy access with adequate parking
Heat Type: Oil
Heat Source: Central
Internet Access: Cable, T1/T3, Fiber Optic
Interior Description: Large open spaces and multiple levels. Property could host a number of uses for either retail, office or hospitality functions. Layout provides for large gathering spaces or smaller work areas with lots of natural light.
Zoning Description: Commercial and Residential
Lot Frontage: 675
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Owned

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,177 7,973
Median Age: 47.47 47.73
Households: 1,026 3,665

Contact

Photograph of Listing Agent

Greydon Turner

Pinkham Real Estate
NECPE Member
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