504 Laconia Road

Tilton, NH 03276

MLS ID# 4795206 Active
Hospitality

$750,000


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Details for 504 Laconia Road, Tilton NH 03276

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!

Features and Details

  • List Price $750,000
  • Category Commercial
  • Type Hospitality
  • Village/Neighborhood
  • Submarket
  • County Belknap
  • Lot SQFT 104980
  • SQFT - Total Available 5786 sqft
  • Acreage 2.41
  • MLS ID# 4795206

Apx Bldg SqFt
5786
Basement
Concrete Floor, Full, Stairs - Interior, Walkout, Interior Access, Exterior Access, Stairs - Basement, Yes
Construction
Wood Frame
Accessibility Features
1st Floor 1/2 Bathroom, Access Parking, Access Restrooms, Accessibility Features, No Stairs from Parking
# of Stories
2
Total Drive-in Doors
1
Cooling
Central AC, Wall AC Units
Heating
Electric, Forced Air
Parking
On-Site, Parking Spaces 21+
Lot Description
Level, Major Road Frontage, Neighbor Business
Siding
Clapboard, Stone
Features
Fire System
Utilities
Gas - On-Site
Natural Gas
Yes
Water
Community
Sewer
Community
Zoning
Mixed Use
Property Types
Hospitality, Investment, Multi-Family, Office, Other, Retail
Property Type Use
Free Standing Building, Office Building, Other, Storefront
Deed
Book: 2226, Page: 0288
Foreclosed/Bank-Owned
Foreclosed/Bank-Owned: No
Delayed Showings
No
Sale Includes
Additional Buildings, Barn, Building
Sale Type
Sale

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This listing was last updated on 11/4/2020 2:07:25 PM.