Pizza and Sub Shop with
For Sale
$849,900
65 Henry Law Avenue, Dover, NH 03820
First-floor pizza and sub shop features interior seating plus an outdoor deck, with upstairs apartment space included.
Property Size3,338 SF
Price / SF$254.61
Days on Market131
Property Features for 65 Henry Law Avenue
General Information
Standard status
Active
Size
3,338 SF
Property subtype
Multi-Family
Zoning
CBD-G
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1875
Stories
2
Listing Agency:
Central Falls Realty
(603) 742-2121
Listed By:
Paula Forbes
(603) 285-0027
Source:
Churchillprop
Added: May 29
Changed: Oct 3
Last Checked: Oct 5 at 4:45PM
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 Central Falls Realty
Investment Insights
Based on property information with market context.
This property operates as a well-established pizza and sub shop on the first floor, with comfortable interior seating for 24–30 people. An outdoor deck section provides additional seating for 14 or more, and the layout overlooks the river. Upstairs, the building includes an occupied one-bedroom apartment, along with a second two-bedroom apartment described as gutted, and a closed-off third floor previously arranged as 2 rooms.
The restaurant is located in Dover’s Cocheco Waterfront District, with Henry Law Park across the street and year-round events supporting regular foot traffic. The sale includes most pizza shop equipment, including a pizza oven, turbo air pizza prep equipment, coolers and freezers, prep counters, fryolators, and stainless counters.
The combination of active restaurant space and residential units may appeal to buyers seeking a mixed-use setup with existing in-place income from the occupied apartment.
The restaurant is located in Dover’s Cocheco Waterfront District, with Henry Law Park across the street and year-round events supporting regular foot traffic. The sale includes most pizza shop equipment, including a pizza oven, turbo air pizza prep equipment, coolers and freezers, prep counters, fryolators, and stainless counters.
The combination of active restaurant space and residential units may appeal to buyers seeking a mixed-use setup with existing in-place income from the occupied apartment.
Key Highlights
- Well‑established pizza and sub shop in Dover’s Cocheco Waterfront District (year built 1875)
- First‑floor dining with interior seating for 24–30 plus an outdoor deck seating 14+ overlooking the river
- Includes upstairs occupied 1‑bedroom apartment plus a second gutted 2‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,021
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,420
$1.0M
Cap Rate 7%
$743,157
$743.2K
Cap Rate 9%
$578,011
$578.0K
Market Conditions
NOI Build-Up for 3,338 SF
Gross rent
$72.1K $21.60/SF
− Vacancy
−$2.7K −$0.82/SF
EGI
$69.4K $20.78/SF
− OpEx
−$17.3K −$5.19/SF
NOI
$52.0K $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%
$1,040,420
Cap Rate 7%
$743,157
Cap Rate 9%
$578,011
Alternative Uses
Best Use
Specialty Retail
$743.2K
$650.3K – $867.0K
NOI $52,021 @ 7.0% cap · market cap 6.12%
Second Best
Multifamily LT 5
$484.1K
$423.6K – $564.8K
NOI $33,885 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$893.0K
$781.4K – $1.04M
NOI $62,511 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03820, NH
32,800
Population
15,460
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
1,201
Density / Sq Mi
$92,793
Median Household Income
$53,890
Median Earnings
$1,540
Median Rent
$397,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - First-floor pizza and sub shop features interior seating plus an outdoor deck, with upstairs apartment space included.
Where is this conventional restaurant located?
The property is located at 65 Henry Law Avenue Dover, NH.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Well‑established pizza and sub shop in Dover’s Cocheco Waterfront District (year built 1875); First‑floor dining with interior seating for 24–30 plus an outdoor deck seating 14+ overlooking the river; Includes upstairs occupied 1‑bedroom apartment plus a second gutted 2‑bedroom apartment
