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    OFF-MARKET
    Turn key restaurants

    11 Farmington Rd, Rochester, NH 03867-4305

    4,644 SF 1.7 ac lot Built 1968
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US58-0271050
    Property summary
    AI-generated overview

    This exceptional opportunity presents the Granite Steak & Grill and Smokey's Tavern, a landmark New Hampshire establishment operating since 1968. Completely renovated in 2005, this iconic property boasts a substantial 9,260 square foot, two-story building encompassing a restaurant, tavern, and bar. The expansive space comfortably accommodates nearly 300 patrons. The property includes ample parking with 125 spaces, ensuring convenient access for customers. A significant advantage is the prime location, featuring 433 feet of frontage on Route 11, and less than a quarter-mile from the highly trafficked Route 16. This strategic positioning offers exceptional visibility and accessibility. The sale encompasses the entire property, including the established businesses, the land, and the building itself, presenting a turnkey opportunity for a new owner to step into a well-regarded and profitable operation. The 1.7-acre lot provides significant potential for future expansion or development. This is a rare chance to acquire a piece of New Hampshire's culinary history and a thriving business with a strong track record. The property's size, location, and established reputation make it an attractive investment for experienced restaurateurs or those seeking a high-return commercial venture.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1968
    Construction FRAME
    Total area 4,644 SF
    Lot 1.7 ac (74,052 SF)
    Zoning code GRD
    APN RCHE M:0221 B:0165 L:0000
    UPID US58-0271050
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Granite Steak & Grill and Retail Market Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Packys Inv Prop LLC · 4 yrs held
    Packys Inv Prop LLC
    since 2021
    Last sale
    $190,000
    4 recorded transactions
    2021
    $190,000
    2020
    2005
    $950,000
    1969
    Zoning & alternative use
    GRD · Rochester, NH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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