Building Details

Year Built 1872

Buildings 1

Listing Agency: Badger Peabody & Smith Realty

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

Source: Fhghomesnh

Added: Sep 24 Changed: Oct 4 Last Checked: Oct 5 at 11:19PM

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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 Badger Peabody & Smith Realty

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

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.

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.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties 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?

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