Building Details

Year Built 1926

Listing Agency: KW Coastal and Lakes & Mountains Realty/Dover Show Phone

Listed By: Gerry OConnell Show Phone

Source: Churchillprop

Added: Sep 30 Changed: Oct 1 Last Checked: Oct 4 at 8:04AM

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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 KW Coastal and Lakes & Mountains Realty/Dover

Investment Insights

Based on property information with market context.

This 6,113-square-foot restaurant and bar occupies a property with 1.62 acres. The building dates to 1926 and includes several dining rooms, a commercial kitchen, and owner’s living quarters on the second and third floors, with a private deck. An outdoor dining deck faces mountain views, while vegetable and herb gardens supply ingredients for the menu. An adjacent barn is also on the property and requires work.

The property is at 3002 White Mountain Highway in Conway, just beyond North Conway Village. Its zoning is Highway Commercial.

Key Highlights

• Restaurant and bar on 1.62 acres
• 6,113‑square‑foot building constructed in 1926
• Owner’s quarters span the second and third floors and include a private deck

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$77,574

Cap Rate

5.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,551,480 $1.6M

Cap Rate 7%

$1,108,200 $1.1M

Cap Rate 9%

$861,933 $861.9K

Market Conditions

NOI Build-Up for 6,113 SF

Gross rent

$110.0K $18.00/SF

− Vacancy

−$6.6K −$1.08/SF

EGI

$103.4K $16.92/SF

− OpEx

−$25.9K −$4.23/SF

NOI

$77.6K $12.69/SF

Area

Carroll County, NH

Vacancy

6.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,551,480

Cap Rate 7%

$1,108,200

Cap Rate 9%

$861,933

Alternative Uses

Best Use

Specialty Retail

$1.11M

$969.7K – $1.29M (±1% cap)

NOI $77,574 @ 7.0% cap · market cap 5.26%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.53M

$1.34M – $1.78M (±1% cap)

NOI $106,847 @ 7.0% cap · market cap 7.24%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Storage Facility Dental Office Barber Shop Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

96

Businesses Nearby

26k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 64% Dining 36%

Shaw's Supermarket Groceries

16,463 visits/mo 0.4 miles

Aroma Joe's Dining

9,171 visits/mo 0.4 miles

Demographics for 03860, NH

3,910

Population

3,169

Households

1.2

Avg Household Size

53

Median Age

40%

College-Educated

95%

High-School Grad

23.2 sq mi

ZIP Area

169

Density / Sq Mi

$81,771

Median Household Income

$45,915

Median Earnings

$1,094

Median Rent

$328,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Several dining rooms, an equipped commercial kitchen, and an outdoor deck are part of the operation.

Where is this conventional restaurant located?

The property is located at 3002 White Mountain Highway Conway, NH.

What is the asking price?

The asking price for this property is $1,475,000.

What are key features of this property?

This property features: Restaurant and bar on 1.62 acres; 6,113‑square‑foot building constructed in 1926; Owner’s quarters span the second and third floors and include a private deck