11 Farmington Rd Rochester, NH 03867
- Turn key restaurants
- 4,644 SF
- 1.70 lot acres
Current Use by Public Records
- Granite Steak & Grill and Retail Market / Seafood Restaurant / Steak House
Property Details for 11 Farmington Rd
- Year built
- 1968
- Construction
- FRAME
- Lot size
- 1.70 lot acres
- Property size
- 4,644 SF
- Zone code
- GRD
- Property type
- Turn key restaurants
- APN
- RCHE M:0221 B:0165 L:0000
- APU
- RCHEM0221B0165L0000
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $265,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $205,000
- Mixed-Use
- $245,000
- Hospitality
- $200,000
- Educational
- $265,000
- Residential Income
- $240,000
- Energy
- $220,000
- Income-Based Land
- $275,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.9992
- Latitude
- 43.3233
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA