Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
LR-LAK · Alton Bay, NHZoning
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Zoning designation
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