403 Main StAlton, NH 03810

Property Details for 403 Main St

Year built

1905

Construction

FRAME

Lot size

1.00 AC

Property size (Sq ft)

10,108 SF

Zone code

RC-RES

Property type

Other commercial real estate

APN

ALTN M:32 B:7

APU

ALTNM32B7

Description

This exceptional investment opportunity is located at 403 Main Street in Alton Bay, New Hampshire, directly on the scenic Route 11 byway at the convergence with Mount Major Highway. The property boasts a prime waterfront location overlooking Lake Winnipesaukee, offering stunning views. The main building, Foster's Tavern, is a three-story structure featuring stately white columns, 9-foot ceilings, and six gables, commanding attention along the 513-foot frontage. This building also includes seven rental apartments and a townhouse. A separate rear building houses an additional six rental units. The property includes a spacious parking lot accommodating 33 vehicles and a lawn area between the buildings. Recent improvements include fresh grey paint, green metal roof accents, new flooring, updated tile showers, new countertops, and a newer boiler system. The septic system is only two years old. The property sits on one acre of land and benefits from a high traffic count (7800+) on Route 11, a major thoroughfare along the southern shore of Lake Winnipesaukee, offering excellent visibility. Its location near the Alton Bay Seaplane Base with an ice runway further enhances its unique appeal. This property presents a rare opportunity to acquire a high-income generating investment in a desirable New Hampshire location.

• Alternative Use

  Use

  Valuation

  Residential

  $1,912,829

  Hospitality

  $1,752,141

  Educational

  $1,457,761

  Medical

  $1,507,895

  Retail

  $2,267,628

Location Insight

City

Alton Bay

County

Belknap

State

New Hampshire

Latitude

43.4694

Longitude

-71.2353

CBSA code

29060

CBSA name

LACONIA, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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