Restaurant Opportunity on Calef
For Sale
Contact for pricing
272 Calef Hwy, Epping, NH
High-visibility restaurant with redevelopment potential near Route 101.
Property Size1,840 SF
Lot Size2.15 Acres
Price / SF$312.50
Days on Market831
Property Features for 272 Calef Hwy
General Information
Standard status
Active
Size
1,840 SF
Lot size
2.15 Acres
Property subtype
RETAIL
Listing Agency:
eXp Realty
(617) 259-0810
Listed By:
Bill Riffert
(617) 259-0810
Source:
Moodyscre
Added: Apr 22, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:45AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $35,001 @ 7.0% cap · market cap 6.09%
Second Best
Retail
$371.6K
$325.2K – $433.5K
NOI $26,012 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$612.6K
$536.0K – $714.7K
NOI $42,881 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
190k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Apparel 23%
Shops & Services 20%
Home Improvements & Furnishings 9%
Market Basket
Groceries
59,244 visits/mo
0.2 miles
Marshalls
Apparel
34,786 visits/mo
0.3 miles
New Hampshire Liquor & Wine Outlet
Groceries
20,964 visits/mo
0.3 miles
Michaels
Shops & Services
20,311 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
11,347 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Huntspoint Barbecue Catering — 114 Calef Hwy unit d, Epping, NH 03042
Frequently Asked Questions
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.
