2 Airport Rd Gilford, NH 03249
- Office buildings
- 2.33 lot acres
Current Use by Public Records
- Office buildings
Property Details for 2 Airport Rd
- Year built
- 1969
- Lot size
- 2.33 lot acres
- Zone code
- I
- Property type
- Office buildings
- APN
- GIFL M:214 B:037 L:000
- APU
- GIFLM214B037L000
Description
This exceptional commercial property, located at 2 Airport Road in Gilford, NH, presents a compelling investment opportunity. Boasting over 16,000 square feet of well-maintained space, this building enjoys a highly visible location with over 480 feet of road frontage on Airport Road. Situated on a 2.33-acre leased lot, ample parking is provided for 30+ vehicles in a large private off-street lot. Built in 1969, the property has undergone numerous updates, including a new access ramp, mini-split heating and cooling systems in the lower level, and refreshed flooring and paint in several areas. Its convenient location in the heart of the Lakes Region offers easy access to major shopping centers, Lake Winnipesaukee, and the Laconia Airport, making it attractive for both employees and customers. The property is connected to public sewer and utilizes a private drilled well. Currently occupied by a stable, long-term tenant operating a preschool, this presents a strong, established income stream. Please note that this is an operating business, and drive-bys are discouraged. A 48-hour notice is required for all showings to ensure minimal disruption to the current tenant. This property offers significant potential for a variety of commercial uses and represents a solid addition to any investment portfolio.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $735,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $845,000
- 6.5%
- $815,000
- 7%
- $850,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $815,000
- Geo Method
- $920,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $965,000
- Retail
- $915,000
- Mixed-Use
- $815,000
- Hospitality
- $830,000
- Educational
- $710,000
- Residential Income
- $825,000
- Energy
- $760,000
- Income-Based Land
- $915,000
- Food Service
- $730,000
Location Insight
- Map
- Local Demand
- City
- Gilford
- County
- Belknap
- State
- New Hampshire
- Longitude
- -71.4255
- Latitude
- 43.5683
- CBSA code
- 29060
- CBSA name
- LACONIA, NH MICROPOLITAN STATISTICAL AREA