Restaurant Opportunity in Prime
For Sale
$1,500,000
1457 Lake Shore Rd, Gilford, NH 03249
Restaurant for sale in high-traffic area with strong visibility.
Property Size3,126 SF
Price / SF$479.85
Days on Market235
Property Features for 1457 Lake Shore Rd
General Information
Standard status
Active
Size
3,126 SF
Building Details
Year Built
1962
Listing Agency:
Coldwell Banker Realty Gilford NH
Listed By:
Reed Heath
(603) 608-6169
Source:
Fhghomesnh
Added: Mar 12
Changed: Oct 26
Last Checked: Oct 7 at 4:58PM
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 Coldwell Banker Realty Gilford NH
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Investment Insights
Based on property information with market context.
This commercial property, suitable for restaurants, is located in a high-traffic area with significant visibility. The property benefits from its proximity to major chain stores and a bank. It features 200 feet of road frontage, offering substantial exposure. Currently, the property is occupied by a tenant at will who has operated a restaurant at the location for over 10 years. The property is presented as an investment opportunity. In addition to being for sale, the property is also available for lease at $8,500 per month.
Key Highlights
- Prime location with high visibility and traffic count
- Surrounded by major chain stores and a bank
- 200 feet of road frontage offering significant exposure**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,198
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,960
$944.0K
Cap Rate 7%
$674,257
$674.3K
Cap Rate 9%
$524,422
$524.4K
Market Conditions
NOI Build-Up for 3,126 SF
Gross rent
$67.5K $21.60/SF
− Vacancy
−$4.6K −$1.47/SF
EGI
$62.9K $20.13/SF
− OpEx
−$15.7K −$5.03/SF
NOI
$47.2K $15.10/SF
Area
Belknap County, NH
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,960
Cap Rate 7%
$674,257
Cap Rate 9%
$524,422
Alternative Uses
Best Use
Specialty Retail
$674.3K
$590.0K – $786.6K
NOI $47,198 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$743.4K
$650.5K – $867.3K
NOI $52,037 @ 7.0% cap · market cap 3.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 03249, NH
7,698
Population
5,012
Households
1.5
Avg Household Size
52
Median Age
43%
College-Educated
96%
High-School Grad
38.8 sq mi
ZIP Area
198
Density / Sq Mi
$115,423
Median Household Income
$59,126
Median Earnings
$1,308
Median Rent
$388,700
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant for sale in high-traffic area with strong visibility.
Where is this restaurant located?
The property is located at 1457 Lake Shore Rd Gilford, NH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime location with high visibility and traffic count; Surrounded by major chain stores and a bank; 200 feet of road frontage offering significant exposure**
