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126 S Main St 5,440 SF 100% Leased Retail Building Wolfeboro, NH 03894 $2,400,000 ($441.18/SF)
INVESTMENT HIGHLIGHTS
- Turnkey restaurant with 52 indoor and 24 outdoor seats in a strong 3-season tourist market
- Rental space currently occupied by a spa
- Extensive, high-end, 2-year complete renovation completed in 2020
- Approvals in place for 2 apartments above and new 4-unit building
- No high-end restaurant competition in the area
EXECUTIVE SUMMARY
Fully restored and meticulously renovated, the Samuel Avery House stands as a historic landmark in the heart of Wolfeboro, NH. Known as Pavilion Restaurant, the building was restored and nearly every component replaced, including floor joists, structural components, windows, all mechanicals and the roof. The restaurant has 52 seats indoors and 24 seats outdoors on a patio with a gas fire pit. The building also has rental units upstairs, currently leased as a spa, a room above the restaurant, perfect for private gatherings, and is approved for 2 apartments above. Additionally, approvals are in place for a 4-unit residential building. The restaurant is completely turn-key and ready to open. The building is eligible for listing in the National Register of Historic Places.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,440 SF
Building Class
B
Year Built/Renovated
1850/2020
Price
$2,400,000
Price Per SF
$441.18
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.54
Lot Size
0.23 AC
Zoning
C1 - Commercial
Parking
5 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
83’ on S Main St
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | WOLF-000218-000122 | Improvements Assessment | $34,600 |
| Land Assessment | $125,500 | Total Assessment | $160,100 |
PROPERTY TAXES
Parcel Number
WOLF-000218-000122
Land Assessment
$125,500
Improvements Assessment
$34,600
Total Assessment
$160,100
CONTACTS
-
Mark Bouzianis -
Dave Garvey -
Ethan Ash -
Coastal Land & Commercial Group at Keller Williams
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126 S Main St
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