Downtown Laconia Commercial
21 Veterans Square Laconia, NH 03246
21 Veterans Square, Laconia, NH, 03246
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For Sale
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Commercial property in downtown Laconia, ideal for restaurant or retail.
Property Size1,056 SF
Price / SF$284.09
Days on Market176
Property Features for 21 Veterans Square
General Information
- Standard status
- Active
- Size
- 1,056 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1890
Listing Agency
Keller Williams Coastal and Lakes & Mountains Realty
Listed by
Kathryn Johnson · License #076359
Source
Crexi
Added: Jan 23 Checked: Jul 17 at 12:23 pm
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 Keller Williams Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
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.
Key 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.
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
—
—
no second resolved use
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Laconia Local Eatery
Restaurant
Similar For Sale Nearby
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.
