Newington Redevelopment Opportunity For Sale

347 Shattuck Way, Newington, NH 03801

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For Sale

$2,950,000

16,470 SF building on 6.69 acres near Spaulding Turnpike.

Type:Commercial/Industrial

Property size:

16,470 SF

Lot size:

6.69 Acres

Price / SF:

$179/SF

HighLights

Favorable seller financing available.
High‑visibility location with over 70,000 vehicles passing daily.
16,470 SF building on 6.69 acres with redevelopment potential.
Expansive asphalt parking lot.
Equipped commercial kitchen with stainless steel appliances.
Proximity to Fox Run Mall and Newington Park Shopping Center.

We can help!

Listing Contact

Krissy LaPorte

For Sale

$2,950,000

16,470 SF building on 6.69 acres near Spaulding Turnpike.

Type:Commercial/Industrial

Property size:

16,470 SF

Lot size:

6.69 Acres

Price / SF:

$179/SF

Added:: Nov 12, 2024
Days on Market:: 582
Last Refresh:: May 20 at 12:55 am

Property Features for 347 Shattuck Way

General Information

Standard status: Active
Size: 16,470 SF
Lot size: 6.69 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1975

We can help!

Listing Contact

Krissy LaPorte

Listing agent Krissy LaPorte License #69071(NH),9572112(MA)

Listing office Keller Williams Realty-Metropolitan

Listing date Nov 12, 2024

Source Exitrealty

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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty-Metropolitan

HighLights

Favorable seller financing available.
High‑visibility location with over 70,000 vehicles passing daily.
16,470 SF building on 6.69 acres with redevelopment potential.
Expansive asphalt parking lot.
Equipped commercial kitchen with stainless steel appliances.
Proximity to Fox Run Mall and Newington Park Shopping Center.

Overview

Located directly off Exit 4 of the Spaulding Turnpike, this property features a 16,470 SF building on 6.69 acres. The site benefits from high visibility, with over 70,000 vehicles passing daily. Currently configured as a restaurant and banquet facility, the building includes municipal utilities, a concrete basement for storage, and a fully equipped commercial kitchen with stainless steel appliances. The layout is suited for high-volume operations and can be reconfigured. An expansive asphalt parking lot accommodates customer or employee parking. The property is near the Fox Run Mall, JCPenney, and the Newington Park Shopping Center, which was recently purchased for mixed-use redevelopment. The location is suitable for businesses seeking a dynamic setting with accessibility and development prospects. Potential uses include a medical office or retail establishment. The property offers opportunities for vertical expansion or transformation. Seller financing is available.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$355.8k	$21.60
− Vacancy	−$13.5k	−$0.82
EGI	$342.2k	$20.78
− OpEx	−$85.6k	−$5.19
NOI	$256.7k	$15.58

16,470 SF · lease $21.60/SF/yr · vacancy 3.80% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$3.67M

$3.21M – $4.28M (±1% cap)

NOI $256,675 @ 7.0% cap · market cap 8.70%

Second Best

Office B

$3.21M

$2.81M – $3.75M (±1% cap)

NOI $224,902 @ 7.0% cap · market cap 7.62%

Theoretical Best

Office A

$4.41M

$3.86M – $5.14M (±1% cap)

NOI $308,437 @ 7.0% cap · market cap 10.46%

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

Property Profile Location Intelligence

Current Use by Public Records

Restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Newington
County: Strafford
State: New Hampshire
Longitude: -70.823
Latitude: 43.1142

For sale
Restaurants
NH
Newington
03801
347 Shattuck Way

What type of property is this?

Restaurant - 16,470 SF building on 6.69 acres near Spaulding Turnpike.

Where is this restaurant located?

The property is located at 347 Shattuck Way Newington, NH.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: Favorable seller financing available.; High‑visibility location with over 70,000 vehicles passing daily.; 16,470 SF building on 6.69 acres with redevelopment potential.