Restaurant with Outdoor
For Sale
Contact for pricing
21 Weeks Street, Laconia, NH 03247
The venue includes two kitchens, indoor dining, a pizza oven, and dedicated areas for performances and gatherings.
Property Size2,652 SF
Price / SF$2.64
Days on Market54
Property Features for 21 Weeks Street
General Information
Standard status
Active
Size
2,652 SF
Property subtype
Commercial
Additional Details
Patio
Yes
Amenities
multiple restrooms
two stages
private on-site parking
Building Details
Year Built
1880
Listing Agency:
Roche Realty Group
(603) 279-7046
Listed By:
Amanda McDonald · License #Amanda R McDonald
(603) 707-0739
Source:
Longviewcre
Added: Sep 9
Changed: Oct 29
Last Checked: Nov 1 at 2:52AM
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
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Investment Insights
Based on property information with market context.
This restaurant property at Winnipesaukee Marketplace includes two kitchens, indoor dining, multiple restrooms, and a pizza oven. Two stages support performance use, while outdoor areas include a lawn with space for approximately 125 guests and a rear bar and entertainment area that accommodates an additional 95+ guests. Private on-site parking is also available. The building dates to 1880.
The property is in Weirs Beach, near the Winnipesaukee Pier, boardwalk, and Lake Winnipesaukee. The Winnipesaukee Railroad runs parallel to the site, with attractions, entertainment, and businesses in the surrounding area.
The property is in Weirs Beach, near the Winnipesaukee Pier, boardwalk, and Lake Winnipesaukee. The Winnipesaukee Railroad runs parallel to the site, with attractions, entertainment, and businesses in the surrounding area.
Key Highlights
- Two kitchens, indoor dining, multiple restrooms, and a pizza oven
- Lawn space for approximately 125 guests
- Rear bar and entertainment area accommodates an additional 95+ guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,041
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,820
$800.8K
Cap Rate 7%
$572,014
$572.0K
Cap Rate 9%
$444,900
$444.9K
Market Conditions
NOI Build-Up for 2,652 SF
Gross rent
$57.3K $21.60/SF
− Vacancy
−$3.9K −$1.47/SF
EGI
$53.4K $20.13/SF
− OpEx
−$13.3K −$5.03/SF
NOI
$40.0K $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%
$800,820
Cap Rate 7%
$572,014
Cap Rate 9%
$444,900
Alternative Uses
Best Use
Specialty Retail
$572.0K
$500.5K – $667.4K
NOI $40,041 @ 7.0% cap · market cap 572.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$630.7K
$551.8K – $735.8K
NOI $44,146 @ 7.0% cap · market cap 630.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The venue includes two kitchens, indoor dining, a pizza oven, and dedicated areas for performances and gatherings.
Where is this conventional restaurant located?
The property is located at 21 Weeks Street Laconia, NH.
What are key features of this property?
This property features: Two kitchens, indoor dining, multiple restrooms, and a pizza oven; Lawn space for approximately 125 guests; Rear bar and entertainment area accommodates an additional 95+ guests
