9 Old State RdBelmont, NH 03220

Property Details for 9 Old State Rd

Year built

1979

Construction

FRAME

Lot size

1.74 AC

Property size (Sq ft)

7,179 SF

Zone code

COM

Property type

Retail properties

Property subtype

Banks

APN

BLMT M:201 B:001 L:000

APU

BLMTM201B001L000

Description

This exceptional 11,472 square foot retail building, located at 9 Old State Road in Belmont, New Hampshire, presents a remarkable redevelopment opportunity. Situated on a 1.74-acre lot at the entrance to the Belknap Marketplace, this two-story property boasts excellent visibility and high traffic counts, averaging approximately 20,000 vehicles daily. Originally constructed in 1979, the building features a spacious, open floor plan, complemented by smaller offices, a secure bank vault, and a convenient drive-thru window. The lower level offers a substantial 6,293 square foot basement, currently unfinished but easily convertible into additional office space or storage, and includes two restrooms. The exterior is well-maintained and landscaped, enhanced by two drive-thru lanes. The asking price for this vacant property is $950,000. Its prime location and substantial size make it an ideal candidate for a variety of commercial uses. The property includes two parking spaces. This is a rare opportunity to acquire a high-visibility retail space in a thriving New Hampshire community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,924,303

  6.5%

  $1,776,279

  7%

  $1,649,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,366,958

  Geo Method

  $2,363,780

• Alternative Use

  Use

  Valuation

  Residential

  $1,498,358

  Hospitality

  $1,372,488

  Educational

  $1,141,894

  Medical

  $1,181,165

  Retail

  $1,776,279

Location Insight

City

Belmont

County

Belknap

State

New Hampshire

Latitude

43.5142

Longitude

-71.4939

CBSA code

29060

CBSA name

LACONIA, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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