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Property profile & analytics
OFF-MARKET Estimated value $795,000
Turn key restaurants

388 Loudon Rd Concord, NH 03301-6010

4,717 SF 2.21 ac lot Built 1951
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US58-0263803
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1951
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,717 SF
Lot 2.21 ac (96,268 SF)
Zoning code GWP
APN CNCD M:46Z B:50
UPID US58-0263803
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
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$795k
Owner & transaction history
B&l Transmissions LLC · 3 yrs held
B&l Transmissions LLC
since 2022
Last sale
$800,000
1 recorded transaction
2022
$800,000
Zoning & alternative use
GWP · Concord, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Gateway Performance District
General category MIXED_USE
Zone area 759.96 ac
Source Realmo
Top alternative use upside
Commercial (general) $585,000 +10.5%
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