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Property profile & analytics
OFF-MARKET Estimated value $690,000
Turn key restaurants

160 Main St Gorham, NH 03581-1635

5,507 SF 0.61 ac lot Built 1965
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US58-0156585
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1965
Construction FRAME
Total area 5,507 SF
Lot 0.61 ac (26,354 SF)
Zoning code CA
APN GORH M:U6 L:42
UPID US58-0156585
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
$724k
Blend (final) Blend
$690k
Owner & transaction history
Rick And Mel LLC · 3 yrs held
Rick And Mel LLC
since 2023
Last sale
$675,000
2 recorded transactions
2023
$675,000
2022
$623,000
Zoning & alternative use
CA · Gorham, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $610,000 +8.5%
Commercial (general) $590,000 +5.1%
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