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935 Union Ave 20,100 SF Industrial Building Laconia, NH 03246 $1,449,000 ($72.09/SF) 6.86% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic area in the Lakes Region
- Lake view
- Great visibility
EXECUTIVE SUMMARY
935 Union Avenue offers a rare opportunity to acquire a highly visible commercial property in Laconia’s Urban Commercial (UC) district. The ±20,100 SF building sits on a ±1.4-acre lot with strong frontage along high-traffic Union Ave and scenic views of Lake Winnipesaukee, making it well suited for a wide range of commercial uses.
The property features an expansive retail showroom, large warehouse space, and multiple offices. The entire building is currently leased to a single tenant under a full net lease; however, the tenant only utilizes approximately half of the building (warehouse), leaving excess space available for a future tenant, expansion, or eventual owner-user occupancy.
Zoned Urban Commercial, the site allows for retail, office, medical, service, showroom, and mixed-use concepts, subject to municipal approvals. The property is also located within a Tax Increment Financing (TIF) district and may qualify for additional local tax incentives, offering meaningful upside for redevelopment or reinvestment.
The property features an expansive retail showroom, large warehouse space, and multiple offices. The entire building is currently leased to a single tenant under a full net lease; however, the tenant only utilizes approximately half of the building (warehouse), leaving excess space available for a future tenant, expansion, or eventual owner-user occupancy.
Zoned Urban Commercial, the site allows for retail, office, medical, service, showroom, and mixed-use concepts, subject to municipal approvals. The property is also located within a Tax Increment Financing (TIF) district and may qualify for additional local tax incentives, offering meaningful upside for redevelopment or reinvestment.
PROPERTY FACTS
AMENITIES
- Signage
- Storage Space
- Breakroom
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PROPERTY TAXES
| Parcel Number | LACO-000350-000220-000043 | Improvements Assessment | $635,100 |
| Land Assessment | $237,800 | Total Assessment | $872,900 |
PROPERTY TAXES
Parcel Number
LACO-000350-000220-000043
Land Assessment
$237,800
Improvements Assessment
$635,100
Total Assessment
$872,900
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935 Union Ave
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