11 Hobart Rd Bristol, NH 03222-3507
- Retail residential properties
- 2,500 SF
- 0.37 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 11 Hobart Rd
- Year built
- 1940
- Construction
- FRAME
- Lot size
- 0.37 lot acres
- Property size
- 2,500 SF
- Zone code
- L
- Property type
- Retail residential properties
- APN
- BRTL M:00217 L:000040 S:000000
- APU
- BRTLM00217L000040S000000
Property Overview
This mixed-use property offers both business and residential opportunities with water views in the lakes region, situated a short walk from the lake. The property was previously operated as a café-style business, open 100 days over the summer months from 6 AM to 2 PM. There is potential for expansion by increasing the number of operating days and hours, as well as adding menu options. The property includes a residential unit that can be rented, used as a residence, or utilized for staff housing. Ample parking is available, potentially allowing for additional income opportunities such as a farm stand or food truck, subject to approvals. The location benefits from high street visibility and signage, with over 6,000 cars passing daily. The lot size is 0.37 acres, and the zoning is 'L'.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $470,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $415,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $355,000
- Mixed-Use
- $395,000
- Hospitality
- $325,000
- Educational
- $370,000
- Residential Income
- $425,000
- Energy
- $330,000
- Income-Based Land
- $345,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Grafton
- State
- New Hampshire
- Longitude
- -71.7371
- Latitude
- 43.6166
- CBSA code
- 30100
- CBSA name
- LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA
