403 Main St Alton, NH 03809

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.