295 Lake StNashua, NH 03060

Property Details for 295 Lake St

Year built

1945

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

3,472 SF

Zone code

RA

Property type

Retail properties

APN

NASH M:89 L:00088

APU

NASHM89L00088

Description

This exceptional turn-key opportunity presents a well-established restaurant in Nashua, NH, operating successfully for over 38 years. The property, located at 295 Lake Street, sits on a 0.18-acre lot and offers two distinct acquisition options. Option 1 allows for the purchase of both the building and the thriving business for a total price of $1,000,000. The building itself is valued at $700,000 and the business at $300,000. Option 2 involves purchasing just the established business for $300,000, with a monthly rental rate of $3,000 for the building. The restaurant, known for its breakfast and lunch service (open 6 AM to 2 PM), boasts seating for 90 patrons and features a recently renovated interior. Upgrades include a completely renovated dining area, kitchen, and bathrooms, as well as new windows, flooring, lighting, and fresh paint. High-quality appliances are included. Ample parking is available in a newly resurfaced parking lot. The property also includes additional space at the rear, suitable for leasing, an office, or a function room. Detailed financial records are available for review upon request. This presents a rare chance to acquire a profitable, established business with significant growth potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $843,817

  6.5%

  $778,908

  7%

  $723,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,143,202

  Geo Method

  $1,143,202

• Alternative Use

  Use

  Valuation

  Residential

  $657,038

  Hospitality

  $601,843

  Educational

  $500,727

  Medical

  $517,947

  Retail

  $778,908

Location Insight

City

Nashua

County

Hillsborough

State

New Hampshire

Latitude

42.7473

Longitude

-71.483

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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