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
- 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
-
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