Former Ruby Tuesday Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30561190
Property Subtypes: Restaurant
Condo? Yes
Building Size (RSF): 5,872 SF
Gross Building Area: See Agent
Gross Land Area: 2.18 Acres
Sale Price: $995,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/7/2020

Overview / Comments

Former Ruby Tuesday Restaurant located on Loudon Rd, Concord. Now vacant, this 5,872 square foot, 226 seat restaurant, includes all furniture, fixtures and equipment. Selling below assessed value and a tax abatement has been initiated as well. Located directly next to Taco Bell and Newick's Lobster House and directly across the street from Wal-Mart, this location on Loudon Rd has a traffic count of 14,874 vpd, a 5 mile population of 38,127 and 17,414 households. This property was built by Ruby Tuesday in 2003 and this is the first time the property has been for sale. The subject property is located in the GWP: Gateway Performance District, along the retail corridor of Loudon Rd and is fully serviced by municipal utilities.

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 6604
Is Condo?: Yes
Zoning: GWP: GATEWAY PERFORMANCE DISTRICT
Property Located Between: On Loudon Rd
Property Visibility: Excellent
Largest Nearby Street: Route 106
Feet of Frontage: 315
Traffic/Vehicle Count: 14,874
Highway Access: Route 393, Route 106, Route 4, Route 202
Site Description: 2.18 Acre lot, located between Shell Gas Station and Taco Bell
Area Description: Heavily traveled retail corridor, in the Gateway Performance District of Loudon Rd, Concord, NH
Tenancy: Single Tenant
Property Condition: Good
Year Built: 2003
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Precast panels with brick veneer and glass exterior walls. Tar & Gravel and Rubber Membrane Roof
Total Parking Spaces: 119
Parking Type: Surface
Parking Description: Ample parking along front, sides and rear of building: 115 spaces plus 4 Handicapped = 119 total spaces
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: 226 Seat Restaurant including all furniture, fixtures and equipment including kitchen, bar area and general restaurant seating areas.
Zoning Description: GWP: The Gateway Performance (GWP) District is established to provide for well designed, large scale commercial development along arterial streets at entrances to the City. Permitted uses will be predominantly commercial and may include both individual and mixed use developments of retail, restaurant, service, and office uses. Fully serviced by municipal utilities, the uses developed within this District are expected to adhere to high standards for appearance in order to ensure that the gateways to the City are attractive and functional. Buffering and screening for adjacent neighborhoods are of concern for development at the edges of this District.
Lot Frontage: 315
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Ingress/Egress, Utilities, Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,532 21,393 44,085
Median Age: 38.94 39.54 40
Households: 1,692 9,280 17,699

Contact

Photograph of Listing Agent

Dave Gambaccini, CCIM

Xcel Capital Partners NECPE Member
Photograph of Listing Agent

Larry Pelletier

Xcel Capital Partners
NECPE Member
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