76 Endicott Street
Retail-Commercial
for Sale
| Catylist Listing ID: |
29766352 |
| Property Subtypes: |
Mixed Use
|
| Building Size (RSF): |
3,655 SF
|
| Gross Land Area: |
12.63 Acres
|
| Sale Price: |
$4,900,000 |
| Unit Price: |
$1,340 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Weirs Beach Drive In |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/3/2024 |
Overview / Comments
This landmark property is directly across the street from the most recognized sign in the entire state of New Hampshire! It’s the largest land parcel zoned C-R in the heart of Weirs Beach. This iconic drive-in theater, since 1942, is the oldest in the state. This may be the best development site in the entire state. 12.62 acres in the T.I.F. district. Extremely high visibility. Zoning allows 60 foot height. C-R zoning allows a variety of commercial and residential uses. (See attached Permitted Uses). Perfect resort hotel or condo site - renderings available. Perfect 1031 exchange - full presentation offered to investors. Develop your ideas on this iconic site. 100% construction financing available at interest only for as long as 3 to 5 years, offered by two major commercial banks. Additional year-round income from on-site residential units, land leases, and vendor leases. Financials available on request. Drive-in is completely digital. Picture a large hotel or condo building with retail on the first floor & an indoor pool & a bright red roof & a roof-top restaurant that looks down Paugus Bay & up Meredith Bay 60 feet high (which is permitted). The city is the biggest cheerleader for this site & it's potential. If you are a developer & love the Lakes Region & can envision its potential, you won't find a better opportunity..
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Additional Details
| Nearest MSA: |
Laconia |
| County: |
Belknap |
| Tax ID/APN: |
162/252/12 |
| Zoning: |
CR |
| Market Type: |
Large |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Convention |
| Property Located Between: |
Gilford and Meredith, NH |
| Side of Street: |
Northwest |
| Road Type: |
Paved |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Route 3 |
| Feet of Frontage: |
78 |
| Highway Access: |
Approximately 4 Mile to I-93 North and South |
| Site Description: |
Level, paved area. |
| Area Description: |
Directly across from Weirs Beach and all of it's amenities. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Property Condition: |
Average |
| Year Built: |
1948 |
| Roof Type: |
Flat |
| Construction/Siding: |
Wood Frame |
| Parking Type: |
Surface |
| Zoning Description: |
C-R, TIF District |
| Lot Frontage: |
78 |
| Lot Depth: |
Survey Available |
| Easements: |
Ingress/Egress |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,084 |
7,161 |
18,386 |
| Median Age: |
48.06 |
48.18 |
47.23 |
| Households: |
518 |
2,979 |
8,019 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Catylist nor
Moody's assume any liability for errors or omissions.
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