504 Laconia Road, Tilton, NH - $750,000

504 Laconia Road, Tilton, NH

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Price: $750,000 Status: Active
Taxes: $14,631 Lot Size 2.41

Comments:

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!

Listed by Steve Weeks of Weeks Commercial.

Property Features

Property Information

MLS # 
4795206 
Property Type 
Commercial Sale 

Additional Features

Lot Desc 
Level, Major Road Frontage, Neighbor Business 
Property Type 
Commercial Sale 
Road Frontage 
Yes 
Roof 
Metal 
Roads 
 
Sq Ft Building 
5786 
Stories 
 
Baths 
 
Units 
 
Water 
Community 
Water Access Desc 
 
Water Body 
 
Water Frontage 
 
Zoning 
Mixed Use 

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