160 Main St, Gorham, NH 03581-1635
- Turn key restaurants
- 5,507 SF
- 0.61 lot acres
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
- Zone code
- CA
- Property type
- Turn key restaurants
- APN
- GORH M:U6 L:42
- APU
- GORHMU6L42
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 28, 2023 | $675,000 | Rick And Mel LLC | Leonard J Lacroix | Warranty Deed | $650k · Leonard J Lacroix |
| Sep 28, 2022 | $623,000 | Leonard J Lacroix | 160 Main Street Hldg INC | Warranty Deed | — |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $525,000
- ML approach
- $490,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $724,000
Market price range: $323k - $760k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $560,000 Current use
- OFFICE BUILDING
- $610,000 Change: +9% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $590,000 Change: +5% Conversion: Easy
- AUTO REPAIR, GARAGE
- $500,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
