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Property profile

1602 Mt Major Hwy Alton Bay, NH 03810

OFF-MARKET
Showrooms
Property ID
US58-0320287
View Sample
6,918 SF 2.22 ac lot Built 1920
Entity Owned 8-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity is located on high-traffic Route 11 in Alton, New Hampshire. The main floor boasts ample seating for 95 guests, including a fully equipped bar area. A second-floor function room provides additional capacity for 46 guests, perfect for private events or larger gatherings. The property also includes a convenient three-bedroom owner's apartment on the third floor, offering comfortable living quarters above the business. Recent extensive renovations have significantly upgraded the building, including a brand new, fully equipped commercial kitchen, substantial power upgrades to meet operational demands, a modernized HVAC system, and improved septic infrastructure. Internal flow has also been remodeled for optimal efficiency and guest experience. The second and third floors have undergone complete remodeling to enhance seating capacity and create the comfortable owner's apartment. Situated in the Lakes Region, encompassing approximately 30 communities and a population of roughly 112,000, this location benefits from a significant seasonal influx of visitors. With nearly 30% of homes being seasonal residences, the summer months see a substantial population increase, with an average visitor spending at least $85 per day. This presents a unique opportunity for a chef or restauranteur to establish or expand their business in a vibrant and thriving market. The 2.2-acre lot provides ample space and potential for future development. This is a rare chance to acquire a well-established and updated restaurant in a prime location.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1920
Construction FRAME
Total area 6,918 SF
Lot 2.22 ac (96,703 SF)
Zoning code LR-LAK
APN ALTN M:63 B:13
UPID US58-0320287

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$576k
Blend (final) Blend
$590k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2018
$282,000
2017
$150,000
2013
$265,000
1969
Price N/A

Zoning & alternative use

LR-LAK · Alton Bay, NH

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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