2 Unit Commercial Building on busy Union Avenue, Laconia

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30344295
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 2,880 SF
Gross Building Area: See Agent
Gross Land Area: 0.82 Acres
Sale Price: $310,000
Unit Price: $107.64 PSF
Property Use Type: Investment
Building Name: 979 Union Ave
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

Excellent Union Avenue location directly across from Irwin Marine and Paugus Bay in the center of commercial activity. Many franchise businesses nearby, and a daily traffic count of 16,000+/- cars. The 2,800+/- SF building has two self-contained units. Unit #1, on the left, has 1,680+/- SF and was laid out for a restaurant (see photos), with two bathrooms. Unit #2, on the right, has 1,200+/- SF, one bathroom, wide open without any center supports and is ready to go! Parking is not a problem, all 20+/- spaces are in the front and on both sides of the building, with 325+/- FT of road frontage on Union Ave. Both units have their own HVAC & electric services, however, do share one water meter. The current owners purchased the property in 1986 and have taken great care of the building. Lots of improvements have been made such as a new roof was installed in 2010, freshly painted, updated windows and the parking lot is striped and in great shape!

Additional Details

Nearest MSA: Laconia
County: Belknap
Taxing Authority: Laconia
Tax ID/APN: 349/220/2
Retail Clientele: General, Family, Business, Tourist
Property Visibility: Excellent
Largest Nearby Street: Union Avenue
Feet of Frontage: 277
Traffic/Vehicle Count: 16,000
Highway Access: 20 minutes to I-93
Area Description: Business/Retail/Restaurant
Tenancy: Multiple Tenants
Number of Stories: 1
Typical SF / Floor: 2,880 SF
Property Condition: Good
Year Built: 1972
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Wood Siding / Block
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Paved, striped parking
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Zoning Description: Commercial
Lot Frontage: 277
Lot Depth: 136
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,503 18,928 25,872
Median Age: 46.14 43.67 44.26
Households: 1,940 8,059 10,946


Photograph of Listing Agent

Warren Clement

Weeks Commercial NECPE Member
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