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Property profile & analytics

388 Loudon Rd Concord, NH 03301-6010

  • Turn key restaurants
  • 4,717 SF
  • 2.21 lot acres
OFF-MARKET
Value Estimation
$780,000
Last Sale
Sep 07, 2022
$800,000
Location Intelligence
Property ID
US58-0263803
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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
Property size
4,717 SF
Zone code
GWP
Property type
Turn key restaurants
APN
CNCD M:46Z B:50
APU
CNCDM46ZB50

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 Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $725,000
  • CAP approach

    CAP return
    Estimation
    6%
    $895,000
    6.5%
    $835,000
    7%
    $810,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $800,000
    Geo Method
    $900,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $995,000
    Retail
    $925,000
    Mixed-Use
    $750,000
    Hospitality
    $845,000
    Educational
    $730,000
    Residential Income
    $970,000
    Energy
    $865,000
    Income-Based Land
    $950,000
    Food Service
    $800,000

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$16,272
$411,000
$194,800
$605,800
-
$0.00
$0.00
$0.00
More about this property
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