587 Main St, Laconia, NH 03246-3449
This exceptional commercial property at 587 Main Street, Laconia, NH, presents a unique investment opportunity. The 11,154 square foot building, situated on a 0.13-acre lot in the heart of downtown Laconia, boasts excellent visibility and walk-in traffic due to its prime Main Street location. The property includes two parcels, offering significant versatility. The main building features 12-foot ceilings, creating a spacious and inviting atmosphere. A mostly finished basement provides additional square footage for expansion or storage. Ample parking is available at the rear of the building, accessible via a second entrance, providing convenient access for customers and employees. The second parcel is a key asset, featuring a three-lane drive-thru, ideal for businesses requiring this type of customer access. This drive-thru could generate additional income for the property owner, either through direct use or lease. The property's diverse potential uses include retail, restaurants (including quick-service options), medical facilities, urgent care centers, offices, and even banking operations, making it an attractive option for a wide range of businesses. The asking price is $1,500,000. This is a rare opportunity to acquire a well-located, versatile commercial property with significant potential for growth and profitability in a thriving downtown area.
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Terri Harbour Financial Advisor
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Citizens Bank Loan Service
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Citizens ATM Atm
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Sean Cronin - Citizens Bank, Home Mortgages Loan Service Bank
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Sean Cronin - Citizens, Home Mortgage Loan Service Bank
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
UC · Laconia, NHLaconia. Always verify with local authorities before improvements.
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.