Restaurant Space with Kitchen
For Sale
Contact for pricing
2968 Lafayette Road, Portsmouth, NH 03801
The space includes commercial kitchen equipment and access to shared parking.
Property Size1,760 SF
Price / SF$3.27
Days on Market31
Property Features for 2968 Lafayette Road
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Commercial
Amenities
commercial kitchen equipment
signage opportunities
Building Details
Year Built
1960
Listing Agency:
Longview Commercial Real Estate
Listed By:
Andrew Paluch
(802) 772-5052
Source:
Longviewcre
Added: Sep 29
Changed: Oct 28
Last Checked: Oct 28 at 2:46PM
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 Longview Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,760-square-foot restaurant property was built in 1960 and comes partially furnished with commercial kitchen equipment. The property previously operated as a restaurant. Shared parking is available, and signage opportunities are offered.
Key Highlights
- 1,760 square feet of restaurant space
- Partially furnished with commercial kitchen equipment
- Shared parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,479
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,580
$669.6K
Cap Rate 7%
$478,271
$478.3K
Cap Rate 9%
$371,989
$372.0K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$45.8K $26.04/SF
− Vacancy
−$1.2K −$0.68/SF
EGI
$44.6K $25.36/SF
− OpEx
−$11.2K −$6.34/SF
NOI
$33.5K $19.02/SF
Area
Rockingham County, NH
Vacancy
2.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,580
Cap Rate 7%
$478,271
Cap Rate 9%
$371,989
Alternative Uses
Best Use
Specialty Retail
$478.3K
$418.5K – $558.0K
NOI $33,479 @ 7.0% cap · market cap 582.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.0K
$512.7K – $683.6K
NOI $41,017 @ 7.0% cap · market cap 713.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 23%
Home Improvements & Furnishings 6%
Electronics 3%
Mobil
Shops & Services
11,916 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,197 visits/mo
0.1 miles
Circle K
Shops & Services
4,422 visits/mo
0.3 miles
Valvoline Instant Oil Change
Shops & Services
2,277 visits/mo
0.2 miles
Seacoast Ace Hardware
Home Improvements & Furnishings
1,804 visits/mo
0.2 miles
Demographics for 03801, NH
22,767
Population
11,448
Households
2
Avg Household Size
43
Median Age
63%
College-Educated
98%
High-School Grad
23.8 sq mi
ZIP Area
957
Density / Sq Mi
$106,520
Median Household Income
$65,984
Median Earnings
$1,783
Median Rent
$647,500
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The space includes commercial kitchen equipment and access to shared parking.
Where is this conventional restaurant located?
The property is located at 2968 Lafayette Road Portsmouth, NH.
What are key features of this property?
This property features: 1,760 square feet of restaurant space; Partially furnished with commercial kitchen equipment; Shared parking
