Downtown Laconia Commercial
21 Veterans Square, Laconia, NH 03246
Commercial property in downtown Laconia, ideal for restaurant or retail.
Type:Retail
Property size:
1,056 SFPrice / SF:
$284/SF- Added:
- Jan 23, 2026
- Days on Market:
- 155
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 21 Veterans Square
General Information
- Standard status
- Active
- Size
- 1,056 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1890
Listing date Jan 23, 2026
Source Crexi
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 Kathryn Johnson
HighLights
- Prime downtown Laconia location with high visibility and steady foot traffic.
- Currently operating as a fully operational restaurant with street‑level access.
- Close proximity to the Colonial Theater, Lake Winnipesaukee, and Gunstock.
- Suitable for continued food/beverage use or repositioning for an alternative commercial concept.
- Surrounded by retail, offices, and residential communities.
- Options to purchase the restaurant, sign a new lease, or develop a new concept.
Overview
Located in the heart of downtown Laconia, the commercial property at 21 Veterans Square presents an opportunity for acquisition. Currently, the property houses an established restaurant. The location benefits from high visibility due to steady foot traffic, a strong local presence, and proximity to the Colonial Theater, Lake Winnipesaukee, and Gunstock, as well as other locations in the Lakes Region. The property operates as a fully operational restaurant with street-level access, making it suitable for continued food and beverage use or repositioning for an alternative commercial concept. The site is surrounded by retail and offices and is near multiple residential communities. This property offers exposure, accessibility, and long-term potential in one of Laconia’s active downtown areas. The property size is 1,056 square feet.
Local Financial Insights For Specialty 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 | $22.8k | $21.60 |
| − Vacancy | −$1.6k | −$1.47 |
| EGI | $21.3k | $20.13 |
| − OpEx | −$5.3k | −$5.03 |
| NOI | $15.9k | $15.10 |
1,056 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$227.8K
$199.3K – $265.7K
NOI $15,944 @ 7.0% cap · market cap 5.31%
Second Best
Retail
$177.7K
$155.5K – $207.4K
NOI $12,441 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$251.1K
$219.7K – $293.0K
NOI $17,579 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Laconia Local Eatery
Restaurant
Location Insight
- Map
- Local Demand
- City
- Laconia
- County
- Belknap
- State
- New Hampshire
- Longitude
- -71.471751
- Latitude
- 43.528906
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Commercial property in downtown Laconia, ideal for restaurant or retail.
Where is this conventional restaurant located?
The property is located at 21 Veterans Square Laconia, NH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Prime downtown Laconia location with **high visibility and steady foot traffic.**; Currently operating as a **fully operational restaurant with street‑level access.**; Close proximity to the Colonial Theater, Lake Winnipesaukee, and Gunstock.
