388 Loudon Rd Concord, NH 03301-6010
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.
The Gateway Performance (GWP) District is established to provide for well designed, large scale commercial development along arterial streets at entrances to the City. Permitted uses will be predominantly commercial and may include both individual and mixed use developments of retail, restaurant, service, and office uses. Fully serviced by municipal utilitie…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GWP · Concord, NHThe Gateway Performance (GWP) District is established to provide for well designed, large scale commercial development along arterial streets at entrances to the City. Permitted uses will be predominantly commercial and may include both individual and mixed use developments of retail, restaurant, service, and office uses. Fully serviced by municipal utilities, the uses developed within this District are expected to adhere to high standards for appearance in order to ensure that the gateways to the City are attractive and functional.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.