730 Main St Andover, NH 03216-3413
- Showrooms
- 1,780 SF
- 1.94 lot acres
Current Use by Public Records
- Showrooms
Property Details for 730 Main St
- Year built
- 1976
- Lot size
- 1.94 lot acres
- Property size
- 1,780 SF
- Zone code
- AR R
- Property type
- Showrooms
- APN
- ANDV M:00028 B:000360 L:000141
- APU
- ANDVM00028B000360L000141
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $315,000
- 6.5%
- $295,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $345,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $315,000
- Retail
- $270,000
- Mixed-Use
- $265,000
- Hospitality
- $325,000
- Educational
- $290,000
- Residential Income
- $340,000
- Energy
- $325,000
- Income-Based Land
- $280,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Andover
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.8683
- Latitude
- 43.4322
- CBSA code
- 18180
- CBSA name
- CONCORD, NH MICROPOLITAN STATISTICAL AREA