284 1st Nh Tpke Northwood, NH 03261-3404
- Showrooms
- 4,797 SF
- 1.20 lot acres
Current Use by Public Records
- Showrooms
Property Details for 284 1st Nh Tpke
- Year built
- 1860
- Lot size
- 1.20 lot acres
- Property size
- 4,797 SF
- Zone code
- RURAL
- Property type
- Showrooms
- APN
- NWOO M:00231 L:000006 S:000000
- APU
- NWOOM00231L000006S000000
Description
This exceptional mixed-use property in Northwood, NH, offers a thriving, established restaurant on the first floor, currently generating $4,500 monthly rent plus utilities. The 8,821 square foot building, constructed in 1996 and renovated in 2022, also features a 2,500 square foot office space on the third floor, available for $2,500 per month, with private access and HVAC. The restaurant boasts a walk-in cooler, climate-controlled prep area, and a full basement with high ceilings. The property sits on 1.5 acres, includes 25 parking spaces, and benefits from a front porch and ample yard space. Annual property taxes are $7,680, and annual insurance is $2,600. Average monthly electricity costs range from $600 to $800. Propane service is available for the restaurant and a standby generator. The building is zoned commercial and offers full ownership. This is a unique opportunity for an owner/user seeking a turnkey restaurant operation with additional income potential from the rentable office space. The property's strong financial performance, combined with its versatile layout and desirable location, makes it an attractive investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Northwood
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -71.1592
- Latitude
- 43.1996
- CBSA code
- 14460
- CBSA name
- BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
