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    1361 Elm St Manchester, NH 03101

    For Sale
    $69,900

    Turnkey Restaurant, High Visibility Location

    Property size:
    50,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 50,000 square foot restaurant space, located at 1361 Elm Street in Manchester, New Hampshire, presents a unique opportunity for a discerning entrepreneur. Situated on a highly visible corner lot at the intersection of Elm and Myrtle Streets, this property boasts a prime location with significant foot traffic and excellent street visibility. The space, formerly known as the North End Bistro, is offered as a turnkey operation, complete with existing fixtures, furniture, and equipment. A fully functional kitchen is included, featuring a walk-in refrigerator, range, grill, and other essential appliances. The bar area is also equipped with bar seating and tables. The property sits on one acre of land. The modified gross lease rate is $3,000 per month, with electricity costs excluded. This is an exceptional opportunity to acquire a well-equipped restaurant space in a desirable location, minimizing start-up costs and maximizing potential for immediate revenue generation. The existing infrastructure and equipment significantly reduce the time and expense associated with establishing a new restaurant. The high visibility location ensures maximum exposure to potential customers. This property is ideal for a variety of culinary concepts and offers a chance to establish a thriving business in a vibrant community. The asking price for this turnkey restaurant opportunity is $69,900.

    Property Features for 1361 Elm St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    50,000 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1894
    Property Profile Location Intelligence

    Current Use by Public Records

    Mc Millan Robert ... Psychologist Drake Robert E ... Psychiatrist WestBridge Mental Health Service Worldwide Express Trucking Company Legacy Financial Solutions, ... Financial Consultant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.46352
    Latitude
    42.99762

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey Restaurant, High Visibility Location
    Where is this commercial real estate located?
    The property is located at 1361 Elm St Manchester, NH.
    What is the asking price?
    The asking price for this property is $69,900.
    Request Owner's contact information
    1361 Elm St Manchester, NH 03101
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    Manchester, NH 03101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1361 Elm St Manchester, NH 03101
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