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Property profile & analytics

160 Main St Gorham, NH 03581-1635

  • Turn key restaurants
  • 5,507 SF
  • 0.61 lot acres
OFF-MARKET
Value Estimation
$550,000
Last Sale
Apr 28, 2023
$675,000
Location Intelligence
Property ID
US58-0156585
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 160 Main St

Year built
1965
Construction
FRAME
Lot size
0.61 lot acres
Property size
5,507 SF
Zone code
CA
Property type
Turn key restaurants
APN
GORH M:U6 L:42
APU
GORHMU6L42

Description

This exceptional turnkey opportunity presents a fully renovated and well-established Italian restaurant and sports bar located at 160 Main Street, Gorham, NH. Boasting 5,507 square feet on a 0.61-acre lot, this prime location sits on a busy highway, ensuring excellent visibility and high traffic flow. The property features 180 seats, comfortably accommodating diners both indoors and outdoors, with the added benefit of a scenic Androscoggin River view. The recent renovation included a complete redesign of the kitchen and serving areas to maximize efficiency and workflow. Significant upgrades include custom tables and new seating, modern flooring throughout, brand new refrigeration units and walk-in coolers, updated sinks, and two state-of-the-art pizza ovens. Other improvements encompass excellent exterior signage for optimal brand visibility and a convenient paved parking lot. The property is connected to town water and sewer systems, simplifying operations and maintenance. This is a rare chance to acquire a thriving, updated restaurant with significant potential for continued growth and success. The asking price is $1,595,000. This turnkey operation is ready for immediate occupancy and offers a seamless transition for a new owner.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $525,000
  • CAP approach

    CAP return
    Estimation
    6%
    $615,000
    6.5%
    $595,000
    7%
    $570,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $640,000
    Geo Method
    $580,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $680,000
    Retail
    $585,000
    Mixed-Use
    $680,000
    Hospitality
    $740,000
    Educational
    $650,000
    Residential Income
    $710,000
    Energy
    $655,000
    Income-Based Land
    $640,000
    Food Service
    $585,000

Location Insight

  • Map
  • Local Demand
City
Gorham
County
Coos
State
New Hampshire
Longitude
-71.1821
Latitude
44.3907
CBSA code
13620
CBSA name
BERLIN, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,489
$139,100
$328,900
$468,000
-
$0.00
$0.00
$0.00
More about this property
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