Restaurant with Banquet
348 Suncook Valley Road, Chichester, NH 03258
For Sale
$529,900
The property combines dining areas, a tavern, event space and a working commercial kitchen.
Property Size4,000 SF
Lot Size1.90 Acres
Price / SF$132.48
Days on Market19
Property Features for 348 Suncook Valley Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Business Included
Road Access
Currently Operating
Amenities
Lot Size Acres: 1.9
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure
Residential Style: Other, Built in 1975
Property Township: Chichester
Building Details
Year Built
Listing Agency:
BHHS Verani Realty
Listed By:
Tami Mousseau
(603) 224-0700
Source:
Doyle-realty
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 5:52AM
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 BHHS Verani Realty
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Investment Insights
Based on property information with market context.
This restaurant property includes seating for 85 in the main dining area and a lower-level banquet facility with capacity for 49. The building also has a separate bar and tavern area, a function hall and a commercial kitchen. The facility is described as updated and configured to serve breakfast, lunch and dinner. The sale includes the restaurant business and real estate; an equipment list is to be provided.
The property occupies 1.9 acres along Route 28 in Chichester, New Hampshire. The buildings total approximately 4,000 square feet. Site features include paved parking and curb cuts on Route 28. The location is stated to be 15 minutes from Concord.
The property occupies 1.9 acres along Route 28 in Chichester, New Hampshire. The buildings total approximately 4,000 square feet. Site features include paved parking and curb cuts on Route 28. The location is stated to be 15 minutes from Concord.
Key Highlights
- Restaurant seating for 85, plus a lower‑level banquet facility for 49
- 1.9 acres with 4000+/- sq ft of buildings
- Separate bar/tavern area, function hall and commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,790
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,800
$655.8K
Cap Rate 7%
$468,429
$468.4K
Cap Rate 9%
$364,333
$364.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$46.6K $11.64/SF
− Vacancy
−$2.8K −$0.71/SF
EGI
$43.7K $10.93/SF
− OpEx
−$10.9K −$2.73/SF
NOI
$32.8K $8.20/SF
Area
Merrimack County, NH
Vacancy
6.10%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,800
Cap Rate 7%
$468,429
Cap Rate 9%
$364,333
Alternative Uses
Best Use
Specialty Retail
$468.4K
$409.9K – $546.5K
NOI $32,790 @ 7.0% cap · market cap 6.19%
Second Best
Industrial
$433.5K
$379.3K – $505.7K
NOI $30,343 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.04M
$911.3K – $1.22M
NOI $72,906 @ 7.0% cap · market cap 13.76%
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
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03258, NH
2,625
Population
1,097
Households
2.4
Avg Household Size
46
Median Age
37%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
124
Density / Sq Mi
$111,607
Median Household Income
$54,529
Median Earnings
$1,700
Median Rent
$360,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property combines dining areas, a tavern, event space and a working commercial kitchen.
Where is this conventional restaurant located?
The property is located at 348 Suncook Valley Road Chichester, NH.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Restaurant seating for 85, plus a lower‑level banquet facility for 49; 1.9 acres with 4000+/- sq ft of buildings; Separate bar/tavern area, function hall and commercial kitchen
