Mixed-Use Portfolio with Commercial
For Sale
$1,999,000
341 Main St, Laconia, NH 03246
Three-property package combines commercial functionality, multifamily rental income, and Urban Commercial District zoning.
Property Size7,475 SF
Price / SF$267.42
Days on Market78
Property Features for 341 Main St
General Information
Standard status
Active
Size
7,475 SF
Zoning
Urban Commercial District
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
8
Building Details
Year Built
1950
Buildings
3
Listing Agency:
Roche Realty Group
Listed By:
Nancy Williams
(603) 393-9716
Source:
Gallorealtygroup
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 6 at 12:36AM
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 Roche Realty Group
Investment Insights
Based on property information with market context.
This mixed-use portfolio comprises three adjoining properties: 341 S. Main Street, 5 Pine Street, and 9 Pine Street. The commercial component occupies a level lot with two overhead doors, epoxy flooring, city water and sewer, and zoning within Laconia’s Urban Commercial District. The residential component includes a six-unit building and a separate two-family home, with updates completed to the units.
The package offers approximately 295.6 feet+/- of road frontage and exposure along the route connecting Rte 107, Rte 106, Rte 3, and downtown Laconia. The location is within walking distance of shopping, restaurants, and entertainment, with access to Belmont, Gilford, and the surrounding lakes. Traffic is reported at approximately 13,000–15,000 vehicles per day. The sale includes real estate only; business operations are excluded. The adjoining lot configuration may also allow acquisition of an additional 1.36 acres.
The package offers approximately 295.6 feet+/- of road frontage and exposure along the route connecting Rte 107, Rte 106, Rte 3, and downtown Laconia. The location is within walking distance of shopping, restaurants, and entertainment, with access to Belmont, Gilford, and the surrounding lakes. Traffic is reported at approximately 13,000–15,000 vehicles per day. The sale includes real estate only; business operations are excluded. The adjoining lot configuration may also allow acquisition of an additional 1.36 acres.
Key Highlights
- Three‑property mixed‑use package at 341 S. Main Street, 5 Pine Street, and 9 Pine Street
- Approximately 295.6 feet+/- of road frontage on a corner lot
- Commercial building includes two overhead doors, epoxy flooring, and city water and sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,066
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,181,320
$2.2M
Cap Rate 7%
$1,558,086
$1.6M
Cap Rate 9%
$1,211,844
$1.2M
Market Conditions
NOI Build-Up for 7,475 SF
Gross rent
$161.5K $21.60/SF
− Vacancy
−$5.7K −$0.76/SF
EGI
$155.8K $20.84/SF
− OpEx
−$46.7K −$6.25/SF
NOI
$109.1K $14.59/SF
Area
Belknap County, NH
Vacancy
3.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,181,320
Cap Rate 7%
$1,558,086
Cap Rate 9%
$1,211,844
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.36M – $1.82M
NOI $109,066 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,288 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$1.78M
$1.56M – $2.07M
NOI $124,432 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 03246, NH
16,905
Population
10,426
Households
1.6
Avg Household Size
47
Median Age
25%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
849
Density / Sq Mi
$68,407
Median Household Income
$40,504
Median Earnings
$1,180
Median Rent
$307,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-property package combines commercial functionality, multifamily rental income, and Urban Commercial District zoning.
Where is this mixed-use property located?
The property is located at 341 Main St Laconia, NH.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Three‑property mixed‑use package at 341 S. Main Street, 5 Pine Street, and 9 Pine Street; Approximately 295.6 feet+/- of road frontage on a corner lot; Commercial building includes two overhead doors, epoxy flooring, and city water and sewer
