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1529 White Mountain Hwy
North Conway, NH 03860
1529 White Mountain Highway · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Attractive Rent Increases
- Prime Retail Location
- Recent Capital Improvements
- High Traffic Counts
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a retail center located at 1529 White Mountain Highway in North Conway, New Hampshire (the “Property”). The three-tenant center is improved by The Hearing Aid Shop, Visiting Nurse Home Care, and Green Granite Inn and contains 8,835 square feet on a 1.06-acre parcel. The Property is situated in one of the best locations in North Conway to capture passing motorists on the heavily-travelled US Route 302/NH Route 16 commercial corridor (White Mountain Highway) which includes most of the area’s retail, dining, lodging and entertainment options. The Property is also located adjacent to the entrance for Settler’s Green, a popular 75-store, 500,000 square foot shopping center which helps drive considerable traffic to the area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,835 SF
Building Class
B
Year Built
1970
Price
$1,254,682
Price Per SF
$142.01
Cap Rate
7%
NOI
$87,828
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.06 AC
Opportunity Zone
Yes
Zoning
HC - Retail Building
PROPERTY TAXES
| Parcel Number | CNWY-000246-000000-000036 | Improvements Assessment | $224,500 |
| Land Assessment | $525,200 | Total Assessment | $749,700 |
PROPERTY TAXES
Parcel Number
CNWY-000246-000000-000036
Land Assessment
$525,200
Improvements Assessment
$224,500
Total Assessment
$749,700
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