Iconic Restaurant and Bar For
For Sale
$695,000
2312 Main Street, Bethlehem, NH 03574
Turnkey restaurant and bar in Bethlehem, NH with outdoor seating.
Property Size1,672 SF
Price / SF$415.67
Days on Market504
Property Features for 2312 Main Street
General Information
Standard status
Active
Size
1,672 SF
Property subtype
Commercial
Building Details
Year Built
1986
Listing Agency:
RE/MAX in the Mountains
Listed By:
Ben Wilson
(603) 348-7028
Source:
Nhrecprop
Added: Apr 19, 2025
Changed: Sep 4
Last Checked: Sep 4 at 10:43AM
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 RE/MAX in the Mountains
Investment Insights
Based on property information with market context.
An investment opportunity is available in downtown Bethlehem, NH, featuring an iconic restaurant and bar. This property and business offer a chance to own a local establishment with roots in the community. The turnkey operation is ready for its next phase, suitable for expanding a portfolio or pursuing a culinary venture. The property benefits from roadside exposure and ample parking. Gardens enhance the grounds, providing fresh flowers and seasonal ingredients. An outdoor patio and bar nearly double occupancy during warmer months. Located on Main Street (NH Route 302), the property is positioned between Bretton Woods and Cannon Mountain, along a major east-west corridor through northern New England. Bethlehem serves as a hub for locals, skiers, hikers, and summer travelers.
Key Highlights
- Turnkey restaurant and bar business opportunity in downtown Bethlehem, NH.
- Excellent roadside exposure and ample parking on Main Street (NH Route 302).
- Prime location** between Bretton Woods and Cannon Mountain, attracting year‑round visitors.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,974
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$499,480
$499.5K
Cap Rate 7%
$356,771
$356.8K
Cap Rate 9%
$277,489
$277.5K
Market Conditions
NOI Build-Up for 1,672 SF
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.
Gross rent
$36.1K $21.60/SF
− Vacancy
−$2.8K −$1.68/SF
EGI
$33.3K $19.92/SF
− OpEx
−$8.3K −$4.98/SF
NOI
$25.0K $14.94/SF
Area
Grafton County, NH
Vacancy
7.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$499,480
Cap Rate 7%
$356,771
Cap Rate 9%
$277,489
Alternative Uses
Best Use
Specialty Retail
$356.8K
$312.2K – $416.2K
NOI $24,974 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.8K
$321.8K – $429.1K
NOI $25,745 @ 7.0% cap · market cap 3.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03574, NH
2,514
Population
1,401
Households
1.8
Avg Household Size
48
Median Age
45%
College-Educated
96%
High-School Grad
91.0 sq mi
ZIP Area
28
Density / Sq Mi
$83,870
Median Household Income
$47,743
Median Earnings
$1,079
Median Rent
$268,600
Median Home Value
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
- The Colonial Theatre — 2050 Main St, Bethlehem, NH 03574
- Rek-Lis Pint House — 2087 Main St, Bethlehem, NH 03574
- Circle K — 2164 Main St, Bethlehem, NH 03574
- Rosa Flamingos — 2312 Main St, Bethlehem, NH 03574
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey restaurant and bar in Bethlehem, NH with outdoor seating.
Where is this bar & pub located?
The property is located at 2312 Main Street Bethlehem, NH.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Turnkey restaurant and bar business opportunity in downtown Bethlehem, NH.; Excellent roadside exposure and **ample parking on Main Street (NH Route 302).**; Prime location** between Bretton Woods and Cannon Mountain, attracting year‑round visitors.
