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    Restaurant Opportunity on Calef Highway Title is generated by Realmo AI

    272 Calef Hwy, Epping, NH

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    High-visibility restaurant with redevelopment potential near Route 101.

    Type:RETAIL
    Property size:
    1,840 SF
    Lot size:
    2.15 Acres
    Price / SF:
    $312/SF
    Added:
    Apr 22, 2024
    Days on Market:
    785
    Last Refresh:
    May 20 at 8:10 pm

    Property Features for 272 Calef Hwy

    General Information

    Standard status
    Active
    Size
    1,840 SF
    Lot size
    2.15 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Bill Riffert
    Bill Riffert

    Listing agent Bill Riffert

    Listing office eXp Realty

    Listing date Apr 22, 2024

    Source Moodyscre

    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 eXp Realty

    HighLights

    • High visibility location on NH RT 125/Calef Highway with over 500ft of frontage and high traffic counts (21,000 VPD+).
    • 2.2 +/- acres of flat land zoned HC - Highway Commercial, permitting retail, wholesale, professional establishments, and commercial planned development.
    • Existing restaurant infrastructure (Haven Restaurant) with 100+ seats (24 inside/80 outside) and potential for expansion.
    • Proximity to NH RT 101 (Exit 7) and Manchester‑Boston Regional Airport.
    • Utilities: Drilled well, municipal sewer, three‑phase power, and municipal water at the street.
    • 25 paved parking spaces and a small man‑made pond.

    Overview

    This property is located on NH RT 125/Calef Highway, just off Exit 7 of NH RT 101, offering high visibility and over 500 feet of frontage. Traffic counts from 2015 show 21,000 vehicles per day, with traffic increasing since then. The property includes 2.2 acres of flat land with 25 paved parking spaces and a small man-made pond. The current zoning is HC - Highway Commercial, permitting retail, wholesale, and professional establishments, as well as commercial planned development and other uses. The property is adjacent to high-density residential zoning. The site currently hosts the Haven Restaurant, which has over 100 seats (24 inside and 80 outside with room for expansion). Built in 1986, the restaurant previously held a beer and wine license for both inside and outside dining. The property features a drilled well, municipal sewer, and three-phase power, with municipal water available at the street. It also offers easy access to NH RT 101 and Manchester-Boston Regional Airport. The building size is 1840 square feet. This property presents an opportunity to take over the existing restaurant or redevelop the site.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $47.9k $26.04
    − Vacancy −$1.2k −$0.68
    EGI $46.7k $25.36
    − OpEx −$11.7k −$6.34
    NOI $35.0k $19.02
    1,840 SF · lease $26.04/SF/yr · vacancy 2.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $500.0K
    $437.5K – $583.4K (±1% cap)
    NOI $35,001 @ 7.0% cap · market cap 6.09%
    Second Best
    Retail
    $371.6K
    $325.2K – $433.5K (±1% cap)
    NOI $26,012 @ 7.0% cap · market cap 4.52%
    Theoretical Best
    Office A
    $612.6K
    $536.0K – $714.7K (±1% cap)
    NOI $42,881 @ 7.0% cap · market cap 7.46%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Epping
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.0623
    Latitude
    43.0434

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    FAQs

    What type of property is this?
    Restaurant - High-visibility restaurant with redevelopment potential near Route 101.
    Where is this restaurant located?
    The property is located at 272 Calef Hwy Epping, NH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: High visibility location on NH RT 125/Calef Highway with over 500ft of frontage and high traffic counts (21,000 VPD+).; 2.2 +/- acres of flat land zoned HC - Highway Commercial, permitting retail, wholesale, professional establishments, and commercial planned development.; Existing restaurant infrastructure (Haven Restaurant) with 100+ seats (24 inside/80 outside) and potential for expansion.
    (617) 259-0810 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bill Riffert
    Bill Riffert
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