347 Shattuck WayNewington, NH 03801

Property Details for 347 Shattuck Way

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.09 AC

Property size (Sq ft)

16,470 SF

Zone code

OFF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

NWNG M:13 B:01A L:

APU

NWNGM13B01AL

Description

This exceptional 16,470 square foot commercial property, situated on a 6.69-acre lot in Newington, NH, presents a unique investment opportunity. Boasting a highly visible location directly off Exit 4 of the Spaulding Turnpike, this site benefits from over 70,000 vehicles passing daily. The existing building is currently configured as a fully equipped restaurant and banquet facility, ready for immediate operation or redevelopment. High-volume restaurant equipment, including industrial ovens, stoves, grills, and ample commercial-grade refrigeration, is included. A substantial concrete basement provides extensive storage capacity, complemented by a large asphalt parking lot suitable for customer and employee parking, as well as product display. Municipal utilities are readily available. The property's versatile zoning and ample space offer significant potential for expansion, redevelopment, or repurposing, making it an attractive prospect for developers and investors seeking a high-traffic location with substantial existing infrastructure. The combination of existing improvements and prime location creates a compelling opportunity for a variety of commercial ventures. This property is priced at $3,600,000.

• CAP approach

  CAP return

  Valuation

  6%

  $4,002,785

  6.5%

  $3,694,878

  7%

  $3,430,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,422,965

  Geo Method

  $5,422,965

• Alternative Use

  Use

  Valuation

  Residential

  $3,116,768

  Hospitality

  $2,854,943

  Educational

  $2,375,279

  Medical

  $2,456,968

  Retail

  $3,694,878

Location Insight

City

Newington

County

Rockingham

State

New Hampshire

Latitude

43.1108

Longitude

-70.8151

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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