504 Laconia RoadTilton, NH 03276MLS Number 4795206

  • Price: $750,000
  • 250 Days on Market
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Federal 30-year interest rate: 2.81% last updated on Oct 29, 2020
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  • 2.41Acreage
  • 2005Year Built
  • 5,786Square Feet

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Listed by Steve Weeks of Weeks Commercial
Excellent commercial opportunity located on Route 3 in Tilton, just a short distance from Exit 20. 2.41+/- acre lot, mostly level with 200+/- feet of frontage make this property stand out. Great for end user/investor. The main building is 5,786+/- SF and was the home of the successful Shiloh's Restaurant. Many of the major kitchen components are still present - 12 Ft & 8 Ft Hood with Ansul System, dishwasher, 3 bay sink, 12 Ft Walk-In refrigerator and much more. The restaurant is air conditioned and ADA accessible. Multiple heating zones with FHA/Natural Gas. Above is a partially finished 2nd floor space which could make a great apartment with town approval. Restaurant was bringing in over $35,000/yr. rental income when leased to Shiloh's. The barn was moved and is presently not on a permanent foundation. This could be moved and sold or pour a foundation and finish the project. Currently, there is no electricity connected. The barn is in need of renovation but has the potential to be used as a retail/office space for rental income. The 2,622+/- SF home is currently divided in 2 separate rental apartments. Unit A-1 is 3 bedroom and 2 baths; Unit B-2 is 1 bedroom and 1 bath. Rental income averages $24,000/yr. The property has Lochmere Village Water & Sewer with separate meters for the restaurant building and the house. Mixed Use zoning allows for a variety of uses. A must-see property to understand the income potential! Traffic counts of over 17,000+/- cars a day!

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More Info

Basic Information

  • StatusACT
  • Modification Date09/17/2020
  • TypeHospitality, Investment, Multi-Family, Office, Other, Retail
  • List Price$750,000
  • Broker NameWeeks Commercial
  • Listing Agent NameSteve Weeks
  • Lister Office NameWeeks Commercial
  • MLS Number4795206
  • MLS StatusActive

Utilities

  • FuelGas - Natural
  • Heating CoolingElectric, Forced Air

Other

  • View Count32

Location

  • Building Number504
  • StreetLaconia Road
  • TownTilton
  • StateNH
  • Zip03276
  • CountyBelknap
  • MapR10

Property

  • Acreage2.41
  • Parking Spaces
  • Property TypeCommercial Sale
  • Lot Sqft104,980
  • Road Frontage200
  • Traffic Count17000

Building

  • Year Built2005
  • ConstructionWood Frame
  • Door Height6
  • Drive/Doors1
  • FoundationConcrete
  • Square Feet5,786
  • Available Sqft5,786
  • BasementConcrete Floor, Full, Stairs - Interior, Walkout, Interior Access, Exterior Access, Stairs - Basement
  • Garage Spaces

Exterior

  • ExteriorClapboard, Stone
  • RoofMetal

Amenities

  • Accessibility Amenities1st Floor 1/2 Bathroom, Access Parking, Access Restrooms, Accessibility Features, No Stairs from Parking

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Lake Farm Realty

Lake Farm Realty

164 Main Street,
Andover, NH 03216
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Copyright 2020 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 31, 2020.

 

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