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Property profile & analytics
OFF-MARKET
Showrooms

730 Main St Andover, NH 03216-3413

1,780 SF 1.94 ac lot Built 1976
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US58-0239241
Property summary
AI-generated overview

This exceptional opportunity presents the chance to acquire a well-established restaurant located at 730 Main Street in Andover, New Hampshire. Previously home to the popular Blackwater Diner, this property boasts a prime location within the community and benefits from a loyal customer following. The building offers a turnkey operation, ready for immediate occupancy and the commencement of business. The landlord is offering leasehold concessions to assist with any desired interior cosmetic updates, allowing a new owner to personalize the space and implement their vision. Recent renovations include a completely rebuilt front foyer, providing a fresh and modern entrance. The fully equipped kitchen is included in the lease and features a comprehensive array of appliances in good working order, as per the landlord's knowledge. This includes a kitchen hood, fire suppression system, a six-foot grill, a four-bay fryolator, and a six-burner stove with oven. This is a rare chance to acquire a thriving business in a strong community setting, with the potential to build upon an existing legacy and loyal customer base. The asking price is $30,000. The property sits on a zero-acre lot.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1976
Total area 1,780 SF
Lot 1.94 ac (84,506 SF)
Zoning code AR R
APN ANDV M:00028 B:000360 L:000141
UPID US58-0239241
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
MOLLOY DEVELOPMENT LLC
MOLLOY DEVELOPMENT LLC
Zoning & alternative use
AR R · Andover, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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