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: 8/8/2022

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..

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

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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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