388 Loudon Rd, Concord, NH 03301-6010
- Turn key restaurants
- 4,717 SF
- 2.21 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 388 Loudon Rd
- Year built
- 1951
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.21 lot acres
- Zone code
- GWP
- Property type
- Turn key restaurants
- APN
- CNCD M:46Z B:50
- APU
- CNCDM46ZB50
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 7, 2022 | $800,000 | B&l Transmissions LLC | William Pliakos | Warranty Deed | $638k · Bangor Savings Bank |
Description
This exceptional 2.21-acre commercial property at 388 Loudon Road presents a unique investment opportunity. The existing 4,717 square foot building, formerly home to the Pit Road Lounge, is available for lease. Alternatively, a land lease is also an option, allowing for the development of a new structure tailored to your specific needs. The property's prime location on a highly trafficked commercial artery, Loudon Road, boasts an impressive 11,000 vehicles per day (VPD). Its proximity to major roadways further enhances its visibility and accessibility. Just a quarter-mile from Sheep Davis Road (Route 106), with its 14,000 VPD, and 0.3 miles from Route 393, this location ensures maximum exposure. The property benefits from its strategic placement across from the proposed Concord Casino and within five minutes of numerous big-box retailers, including Target, Walmart, Harbor Freight, Dick's Sporting Goods, and Sam's Club, as well as popular chain restaurants such as Texas Roadhouse, Chipotle, and Popeyes. Furthermore, its proximity to new and existing residential developments, including the planned Steeple Gate Mall repurposing and the new Catch Housing project, guarantees a strong customer base. This versatile property is ideal for a variety of uses, including breweries, medical clinics, retail establishments, restaurants (with or without drive-throughs), daycare centers, and dance or music schools. Don't miss this chance to capitalize on this exceptional location and high-traffic area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $725,000
- ML approach
- $855,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $525,000 Current use
- COMMERCIAL (GENERAL)
- $585,000 Change: +11% Conversion: Easy
- AUTO REPAIR, GARAGE
- $510,000 Change: -3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.4757
- Latitude
- 43.2322
- CBSA code
- 18180
- CBSA name
- CONCORD, NH MICROPOLITAN STATISTICAL AREA
