Mount Washington Valley Investment
1395 US RT 302, Bartlett, NH 03812
Commercial and multi-family property in Bartlett, NH with income potential.
Property size:
3,173 SFPrice / SF:
$141/SF- Added:
- May 15, 2024
- Days on Market:
- 738
- Last Refresh:
- May 12 at 9:47 pm
Property Features for 1395 US RT 302
General Information
- Standard status
- Active
- Size
- 3,173 SF
- Property subtype
- Other
Building Details
- Year Built
- 1962
Listing agent Joanne Mitsiaris
Listing office Coldwell Banker LIFESTYLES- Conway
Listing date May 15, 2024
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker LIFESTYLES- Conway
HighLights
- Prime Bartlett location with high visibility and excellent traffic counts in the Mount Washington Valley.
- Turnkey restaurant space ideal for owner‑operator or investor.
- Two spacious two‑bedroom residential units with private entrances, offering flexible rental or owner‑occupancy options.
- Strong income potential from restaurant and residential rentals.
- Close proximity to year‑round amenities.
- Versatile layout suitable for restaurant, mixed‑use investment, or redevelopment.
Overview
This commercial and multi-family property is located in the heart of the Mount Washington Valley, in a prime Bartlett location. The property benefits from high visibility and traffic counts, and is close to Bretton Woods, Attitash, Storyland, snowmobile trails, and the Saco River. Unit 1 features a turnkey restaurant space, suitable for an owner-operator or investor. The second level includes two spacious two-bedroom residential units, each with private entrances, providing options for long-term rentals, short-term rentals, or owner occupancy. The property has a versatile layout and income potential. The property is suitable for restaurant, mixed-use investment, or redevelopment. The property contains 3,173 square feet.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$447.4K
NOI $40,265 @ 9.00% cap · cautious / downside scenario
Moderate
$575.2K
NOI $40,265 @ 7.00% cap · market / base-case scenario
Aggressive
$805.3K
NOI $40,265 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.1k | $18.00 |
| − Vacancy | −$3.4k | −$1.08 |
| EGI | $53.7k | $16.92 |
| − OpEx | −$13.4k | −$4.23 |
| NOI | $40.3k | $12.69 |
3,173 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$575.2K
$503.3K – $671.1K
NOI $40,265 @ 7.0% cap · market cap 8.95%
Second Best
Mixed Use
$550.7K
$481.9K – $642.5K
NOI $38,552 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$792.3K
$693.3K – $924.3K
NOI $55,460 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Conventional restaurants
Map
- City
- Bartlett
- County
- Carroll
- State
- New Hampshire
- Longitude
- -71.3046
- Latitude
- 44.1032
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Commercial and multi-family property in Bartlett, NH with income potential.
Where is this mixed-use property located?
The property is located at 1395 US RT 302 Bartlett, NH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Prime Bartlett location with high visibility and excellent traffic counts in the Mount Washington Valley.; Turnkey restaurant space ideal for owner‑operator or investor.; Two spacious two‑bedroom residential units with private entrances, offering flexible rental or owner‑occupancy options.
