Renovated Two-Story
For Sale
$3,900,000
11 FARMINGTON Road, Rochester, NH 03867
Commercial Sale, Rochester, NH
Property Size9,260 SF
Lot Size1.70 Acres
Price / SF$421.17
Days on Market199
Property Features for 11 FARMINGTON Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GRD
Rooms
Basement
Directions
Route 16 to Route 11 (aka Farmington Road). Granite Steak & Grill will be on your right!
Standard status
Active
Lot size
1.70 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21967
Utilities
Water source
Public
Building Details
Year built
1968
Listing Agency:
Duston Leddy Real Estate
(603) 610-8285
Listed By:
Jamieson Duston
(603) 661-8127
Added: Mar 23
Changed: Sep 6
Last Checked: Oct 7 at 4:06AM
MLS# 5080302
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This sale includes the land, building, and operating businesses known as Granite Steak & Grill and Smokey's Tavern. The two-story restaurant and tavern contains 9,260 square feet and was fully renovated in 2005. The property accommodates nearly 300 seats and provides 125 dedicated parking spaces, supporting both regular dining and larger gatherings. A basement is also included in the building configuration.
The 1.7-acre property offers 433 feet of frontage on Route 11, less than a quarter mile from Route 16 to the south and The Ridge Marketplace to the north. Zoning is GRD, and the property is served by public water. Originally built in 1968, the building is offered with the established restaurant operations, real estate, and existing improvements.
The 1.7-acre property offers 433 feet of frontage on Route 11, less than a quarter mile from Route 16 to the south and The Ridge Marketplace to the north. Zoning is GRD, and the property is served by public water. Originally built in 1968, the building is offered with the established restaurant operations, real estate, and existing improvements.
Key Highlights
- 9,260‑square‑foot, two‑story restaurant and tavern
- Fully renovated in 2005; original building constructed in 1968
- Nearly 300 seats with 125 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,312
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,886,240
$2.9M
Cap Rate 7%
$2,061,600
$2.1M
Cap Rate 9%
$1,603,467
$1.6M
Market Conditions
NOI Build-Up for 9,260 SF
Gross rent
$200.0K $21.60/SF
− Vacancy
−$7.6K −$0.82/SF
EGI
$192.4K $20.78/SF
− OpEx
−$48.1K −$5.19/SF
NOI
$144.3K $15.58/SF
Area
Strafford County, NH
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,886,240
Cap Rate 7%
$2,061,600
Cap Rate 9%
$1,603,467
Alternative Uses
Best Use
Specialty Retail
$2.06M
$1.80M – $2.41M
NOI $144,312 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,414 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Rochester Toyota
Shops & Services
2,756 visits/mo
0.5 miles
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant and tavern operation with dining, event, and high-volume service infrastructure in place.
Where is this conventional restaurant located?
The property is located at 11 FARMINGTON Road Rochester, NH.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 9,260‑square‑foot, two‑story restaurant and tavern; Fully renovated in 2005; original building constructed in 1968; Nearly 300 seats with 125 dedicated parking spaces
