Entity Owned Property summary
The property is a 2.63-acre site in a proposed retail development along busy New Hampshire Route 16 North. The site formerly operated as a Friendly’s Restaurant and is adjacent to the Settler’s Green Factory Outlet Store shopping and restaurant area. The development is planned as a ground-lease retail project with a multi-tenant building totaling about 6,000 square feet, including at least one available 6,000-square-foot space intended for free-standing retail tenants. Public information for the corridor indicates peak daily traffic of approximately 22,000 vehicles (NHDOT 2016). The lease structure is described as ground lease / NNN, with terms and options structured as negotiable.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Highway Commercial (HC) District. [Amended 4-14-2015 ATM by Arts. 2, 3 and 4 ; 4-14-2015 ATM by Art. 5 ; 4-12-2016 ATM by Art. 3 ; 4-12-2016 ATM by Art. 4 ; 4-12-2016 ATM by Art. 7 ; 4-11-2017 ATM by Art. 2 ; 4-10-2018 A…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
HC · Conway, NHHighway Commercial (HC) District. [Amended 4-14-2015 ATM by Arts. 2, 3 and 4 ; 4-14-2015 ATM by Art. 5 ; 4-12-2016 ATM by Art. 3 ; 4-12-2016 ATM by Art. 4 ; 4-12-2016 ATM by Art. 7 ; 4-11-2017 ATM by Art. 2 ; 4-10-2018 A…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Highway Commercial (HC) District. [Amended 4-14-2015 ATM by Arts. 2, 3 and 4 ; 4-14-2015 ATM by Art. 5 ; 4-12-2016 ATM by Art. 3 ; 4-12-2016 ATM by Art. 4 ; 4-12-2016 ATM by Art. 7 ; 4-11-2017 ATM by Art. 2 ; 4-10-2018 A…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HC in Conway, NH.
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