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    403 Main St Alton, NH 03809

    For Sale
    $2,999,000

    Lake Winnipesaukee waterfront property with high rental income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity is located at 403 Main Street in Alton Bay, New Hampshire, directly on the scenic Route 11 byway at the convergence with Mount Major Highway. The property boasts a prime waterfront location overlooking Lake Winnipesaukee, offering stunning views. The main building, Foster's Tavern, is a three-story structure featuring stately white columns, 9-foot ceilings, and six gables, commanding attention along the 513-foot frontage. This building also includes seven rental apartments and a townhouse. A separate rear building houses an additional six rental units. The property includes a spacious parking lot accommodating 33 vehicles and a lawn area between the buildings. Recent improvements include fresh grey paint, green metal roof accents, new flooring, updated tile showers, new countertops, and a newer boiler system. The septic system is only two years old. The property sits on one acre of land and benefits from a high traffic count (7800+) on Route 11, a major thoroughfare along the southern shore of Lake Winnipesaukee, offering excellent visibility. Its location near the Alton Bay Seaplane Base with an ice runway further enhances its unique appeal. This property presents a rare opportunity to acquire a high-income generating investment in a desirable New Hampshire location.

    Property Features for 403 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1905
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Foster’s Tavern Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Wholesale Shop Clothing Store Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.23547
    Latitude
    43.46965

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    FAQs

    What type of property is this?
    Commercial real estate - Lake Winnipesaukee waterfront property with high rental income.
    Where is this commercial real estate located?
    The property is located at 403 Main St Alton, NH.
    What is the asking price?
    The asking price for this property is $2,999,000.
    (603) 732-6032
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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
    403 Main St Alton, NH 03809
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