Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Financial Advisor
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Bank Loan Service
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Atm
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Loan Service Bank
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Loan Service Bank
Value estimations
Owner & transaction history
Zoning & alternative use
Urban Commercial (UC) District. The Urban Commercial District is designed in recognition of the fact that historically commerce and business tended to concentrate in a central area and that over the years the area has ex…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
UC · Laconia, NHUrban Commercial (UC) District. The Urban Commercial District is designed in recognition of the fact that historically commerce and business tended to concentrate in a central area and that over the years the area has ex…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for UC in Laconia, NH.
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