Retail Plaza with Drive-Up
184 Route 101 Bedford, NH 03110
For Sale
$2,500,000
Recently refurbished retail plaza featuring a fully equipped banking setup with drive-up windows and night deposit.
Property Size7,715 SF
Price / SF$324.04
Days on Market185
Property Features for 184 Route 101
General Information
- Standard status
- Active
- Size
- 7,715 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency:
NAI Norwood Group
Listed By:
Chris Norwood
(603) 673-7314
Source:
Proctorandgreene
Added: Jan 20
Changed: Jul 10
Last Checked: Jul 23 at 8:51AM
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 NAI Norwood Group
Investment Insights
Based on property information with market context.
This recently refurbished retail plaza includes a banking facility with drive-up windows and a night deposit. The property is set up as a turn-key financial establishment opportunity, with a remaining lease term of two years and an early termination option offered by the bank for a new similar user or conversion.
Located in Bedford along the Route 101 commuting corridor, the property provides convenient access from the major intersection of Routes 101 and 114, supporting travel to points in multiple directions. Public remarks also note access to town water and sewer and that the center is surrounded by high-end retail offerings.
Current tenants include Dominoes Pizza and a local photography shop, creating an active retail mix alongside the bank use. For buyers or operators seeking a streamlined setup, the combination of an in-place banking configuration, recent refurbishment, and strong signage and visibility supports a variety of retail or specialty user plans consistent with the existing improvements.
Located in Bedford along the Route 101 commuting corridor, the property provides convenient access from the major intersection of Routes 101 and 114, supporting travel to points in multiple directions. Public remarks also note access to town water and sewer and that the center is surrounded by high-end retail offerings.
Current tenants include Dominoes Pizza and a local photography shop, creating an active retail mix alongside the bank use. For buyers or operators seeking a streamlined setup, the combination of an in-place banking configuration, recent refurbishment, and strong signage and visibility supports a variety of retail or specialty user plans consistent with the existing improvements.
Key Highlights
- Recently refurbished retail plaza with a fully equipped banking setup, including drive‑up windows and night deposit
- Bank tenancy includes two years remaining on the lease, with an early termination option offered to a qualified similar user
- Town water and sewer service available
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.6k | $21.60 |
| − Vacancy | −$12.5k | −$1.62 |
| EGI | $154.1k | $19.98 |
| − OpEx | −$46.2k | −$5.99 |
| NOI | $107.9k | $13.99 |
7,715 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$14.13M
$12.37M – $16.49M
NOI $989,449 @ 7.0% cap · market cap 39.58%
Second Best
Retail
$1.54M
$1.35M – $1.80M
NOI $107,902 @ 7.0% cap · market cap 4.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Recently refurbished retail plaza featuring a fully equipped banking setup with drive-up windows and night deposit.
Where is this bank located?
The property is located at 184 Route 101 Bedford, NH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Recently refurbished retail plaza with a fully equipped banking setup, including drive‑up windows and night deposit; Bank tenancy includes two years remaining on the lease, with an early termination option offered to a qualified similar user; Town water and sewer service available
