Single-Story Restaurant
For Sale
$429,900
6 East Side Dr, Alton, NH 03810
Equipped hospitality property with dining, bar, commercial kitchen, outdoor seating, and access near Lake Winnipesaukee.
Property Size2,368 SF
Price / SF$181.55
Days on Market54
Property Features for 6 East Side Dr
General Information
Standard status
Active
Size
2,368 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Seating Capacity
80
Patio
Yes
Equipment Included
Yes
Building Details
Year Built
1930
Buildings
1
Stories
1
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro
Listed By:
Adam Dow · License #056660
(866) 525-3946
Source:
Nhlegacygroup
Added: Aug 22
Changed: Oct 2
Last Checked: Oct 7 at 3:02PM
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/Wolfeboro
Investment Insights
Based on property information with market context.
Positioned at the corner of Route 11 and East Side Drive, this 2,368-square-foot commercial building is configured for restaurant use. The single-story property was built in 1930 and includes a dining room, lounge and bar area, commercial kitchen, walk-in cooler, and restaurant equipment. An 80-seat layout supports established food-service operations, while the building is being offered without the operating business.
Outdoor deck and patio seating provide additional areas for dining, gatherings, or events, with views toward Alton Bay and Lake Winnipesaukee. The property is located in Alton Bay, a lakeside community with boating and year-round visitor activity. Its existing hospitality configuration also allows consideration of restaurant, café, pub, catering, or other concepts requiring commercial kitchen infrastructure.
Outdoor deck and patio seating provide additional areas for dining, gatherings, or events, with views toward Alton Bay and Lake Winnipesaukee. The property is located in Alton Bay, a lakeside community with boating and year-round visitor activity. Its existing hospitality configuration also allows consideration of restaurant, café, pub, catering, or other concepts requiring commercial kitchen infrastructure.
Key Highlights
- 2,368‑square‑foot commercial building constructed in 1930
- 80‑seat restaurant configuration with dining room, lounge, and bar area
- Commercial kitchen with walk‑in cooler and restaurant equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,753
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,060
$715.1K
Cap Rate 7%
$510,757
$510.8K
Cap Rate 9%
$397,256
$397.3K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$51.1K $21.60/SF
− Vacancy
−$3.5K −$1.47/SF
EGI
$47.7K $20.13/SF
− OpEx
−$11.9K −$5.03/SF
NOI
$35.8K $15.10/SF
Area
Belknap County, NH
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$715,060
Cap Rate 7%
$510,757
Cap Rate 9%
$397,256
Alternative Uses
Best Use
Specialty Retail
$510.8K
$446.9K – $595.9K
NOI $35,753 @ 7.0% cap · market cap 8.32%
Second Best
Industrial
$298.9K
$261.5K – $348.7K
NOI $20,923 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$563.1K
$492.7K – $657.0K
NOI $39,419 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03810, NH
2,246
Population
2,494
Households
0.9
Avg Household Size
54
Median Age
41%
College-Educated
98%
High-School Grad
23.6 sq mi
ZIP Area
95
Density / Sq Mi
$143,102
Median Household Income
$55,970
Median Earnings
$572,900
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Equipped hospitality property with dining, bar, commercial kitchen, outdoor seating, and access near Lake Winnipesaukee.
Where is this conventional restaurant located?
The property is located at 6 East Side Dr Alton, NH.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: 2,368‑square‑foot commercial building constructed in 1930; 80‑seat restaurant configuration with dining room, lounge, and bar area; Commercial kitchen with walk‑in cooler and restaurant equipment included
