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Property profile & analytics

587 Main St Laconia, NH 03246

  • Banks
  • 5,577 SF
  • 0.13 lot acres
Value Estimation
Last Sale
Jan 12, 2022
$1,380,000
Location Intelligence
Property ID
US58-0305306
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Terri Harbour / Financial Planner / Business To Business Service
  • Citizens / Bank / Atm
  • Citizens ATM / Atm
  • Sean Cronin - Citizens Bank, Home Mortgages / Mortgage Lender
  • Sean Cronin - Citizens, Home Mortgage / Mortgage Lender

Property Details for 587 Main St

Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.13 lot acres
Property size
5,577 SF
Zone code
UC
Property type
Banks
APN
LACO M:432 B:142 L:24
APU
LACOM432B142L24

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $1,380,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,255,000
    6.5%
    $1,270,000
    7%
    $1,390,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,290,000
    Geo Method
    $1,195,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $1,390,000
    Retail
    $1,065,000
    Mixed-Use
    $1,200,000
    Hospitality
    $1,150,000
    Educational
    $1,185,000
    Residential Income
    $1,050,000
    Energy
    $1,425,000
    Income-Based Land
    $1,060,000
    Food Service
    $1,315,000

Location Insight

  • Map
  • Local Demand
City
Laconia
County
Belknap
State
New Hampshire
Longitude
-71.4697
Latitude
43.5279
CBSA code
29060
CBSA name
LACONIA, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,992
$61,400
$656,900
$718,300
-
$0.00
$0.00
$0.00
More about this property
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