126 S Main St - Storefront Retail/Residential FOR SALE


Wolfeboro, NH 03894
$2,400,000 USD
603-610-8500
126 S Main St, Wolfeboro, NH for Sale
$2,400,000 USD
Storefront Retail/Residential - FOR SALE
1/19
null | Request Cap Rate

126 S Main St
Wolfeboro, NH 03894


HIGHLIGHTS

  • Turnkey restaurant with 52 indoor and 24 outdoor seats in a strong 3-season tourist market
  • Approvals in place for 2 apartments above and new 4-unit building
  • Rental space currently occupied by a spa
  • No high-end restaurant competition in the area
  • Extensive, high-end, 2-year complete renovation completed in 2020

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1850

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C1 - Commercial

APN/PARCEL ID

WOLF-000218-000122

ASK ABOUT THIS PROPERTY

Mark BouzianisCoastal Land & Commercial Group at Keller WilliamsMore Info
603-610-8500

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Mark BouzianisCoastal Land & Commercial Group at Keller WilliamsMore Info
603-610-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.