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Property profile & analytics
OFF-MARKET Estimated value $570,000
Turn key restaurants

347 Shattuck Way Newington, NH 03801-7870

16,470 SF 4.09 ac lot Built 1975
Entity Owned Absentee Owner Free & Clear
Property ID
US58-0217845
Property summary
AI-generated overview

This exceptional 16,470 square foot commercial property, situated on a 6.69-acre lot in Newington, NH, presents a unique investment opportunity. Boasting a highly visible location directly off Exit 4 of the Spaulding Turnpike, this site benefits from over 70,000 vehicles passing daily. The existing building is currently configured as a fully equipped restaurant and banquet facility, ready for immediate operation or redevelopment. High-volume restaurant equipment, including industrial ovens, stoves, grills, and ample commercial-grade refrigeration, is included. A substantial concrete basement provides extensive storage capacity, complemented by a large asphalt parking lot suitable for customer and employee parking, as well as product display. Municipal utilities are readily available. The property's versatile zoning and ample space offer significant potential for expansion, redevelopment, or repurposing, making it an attractive prospect for developers and investors seeking a high-traffic location with substantial existing infrastructure. The combination of existing improvements and prime location creates a compelling opportunity for a variety of commercial ventures. This property is priced at $3,600,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 16,470 SF
Lot 4.09 ac (178,160 SF)
Zoning code OFF
APN NWNG M:13 B:01A L:
UPID US58-0217845
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
$782k
Blend (final) Blend
$570k
Owner & transaction history
MO Y WONG TRUST
MO Y WONG TRUST
Zoning & alternative use
OFF · Newington, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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