587 Main St Laconia, NH 03246
- Banks
- 5,577 SF
- 0.13 lot acres
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
-
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