3360 & 3378 White Mountain Hwy, Conway, NH 03860

Building Details

Year Built 1872 More

Buildings 1 More

Listing Agency: Badger Peabody & Smith Realty

Listed By: Kevin J Killourie · License #051534 Show Phone

Source: Fhghomesnh

Added: Sep 24 Changed: Oct 25 Last Checked: Oct 7 at 5:39PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 10,000-square-foot mixed-use building contains a restaurant, brewery, five guest rooms and a one-bedroom long-term rental. A walkout basement provides another 4,500 square feet of space. The property was built in 1872 and is served by public water and sewer.

The 5.2-acre site is zoned HC and has views of Mt. Washington. Commercial businesses are adjacent to the property along White Mountain Highway in North Conway, New Hampshire.

Key Highlights

• 10,000‑square‑foot building with restaurant, brewery, five guest rooms and a one‑bedroom rental
• Walkout basement adds 4,500 square feet
• 5.2 commercially zoned acres; zoning designation HC

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$132,027

Cap Rate

4.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,640,540 $2.6M

Cap Rate 7%

$1,886,100 $1.9M

Cap Rate 9%

$1,466,967 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,404 SF

Gross rent

$187.3K $18.00/SF

− Vacancy

−$11.2K −$1.08/SF

EGI

$176.0K $16.92/SF

− OpEx

−$44.0K −$4.23/SF

NOI

$132.0K $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%

$2,640,540

Cap Rate 7%

$1,886,100

Cap Rate 9%

$1,466,967

Alternative Uses

Best Use

Specialty Retail

$1.89M

$1.65M – $2.20M (±1% cap)

NOI $132,027 @ 7.0% cap · market cap 4.89%

Second Best

Mixed Use

$1.81M

$1.58M – $2.11M (±1% cap)

NOI $126,409 @ 7.0% cap · market cap 4.68%

Theoretical Best

Office A

$2.60M

$2.27M – $3.03M (±1% cap)

NOI $181,849 @ 7.0% cap · market cap 6.74%

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

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.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

96

Businesses Nearby

Explore this area Business Placement

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 Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines food-and-beverage operations with guest accommodations and a long-term rental.

Where is this mixed-use property located?

The property is located at 3360 & 3378 White Mountain Hwy Conway, NH.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: 10,000‑square‑foot building with restaurant, brewery, five guest rooms and a one‑bedroom rental; Walkout basement adds 4,500 square feet; 5.2 commercially zoned acres; zoning designation HC