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Property profile

587 Main St Laconia, NH 03246

OFF-MARKET
Banks
Property ID
US58-0305306
View Sample
5,577 SF 0.13 ac lot Built 1900
Entity Owned Free & Clear

Property summary

AI-generated overview

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

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,577 SF
Lot 0.13 ac (5,640 SF)
Zoning code UC
APN LACO M:432 B:142 L:24
UPID US58-0305306

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Bank Loan Service
  • Atm
  • Loan Service Bank
  • Loan Service Bank

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.45M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.38M

Owner & transaction history

since 2026
Last sale
$1.4M
3 recorded transactions
2026
$1.4M
2022
$1.4M
1998
$530,000

Zoning & alternative use

UC · Laconia, NH
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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