31 Main StLincoln, NH 03251

Property Details for 31 Main St

Year built

1940

Construction

FRAME

Lot size

0.17 AC

Property size (Sq ft)

2,640 SF

Zone code

GU

Property type

Retail properties

APN

LNCO M:112 B:027000 L:00-00000

APU

LNCOM112B027000L0000000

Description

This exceptional 2,640 square foot commercial property, situated on a 0.17-acre lot at 31 Main Street in Lincoln, NH, presents a compelling investment or business launch opportunity. Its prime location offers unparalleled visibility and accessibility, directly adjacent to Exit 32 of I-93, the gateway to Loon Mountain and the Kancamagus Highway. This high-traffic area boasts significant foot and vehicle traffic, ensuring maximum exposure for any business. The property's immediate neighbors include established businesses such as a Holiday Inn, 7-Eleven, McDonald's, an urgent care facility, the White Mountain Bagel Company, and several ski shops, creating a vibrant and bustling commercial environment. Currently, a portion of the space is leased to the White Mountain Spa, with a lease extending until October 2025, offering immediate rental income potential. The spa's lease includes a 60-day notice clause, providing flexibility for future tenants or business ventures. This property's strategic location and existing tenant provide a solid foundation for a successful investment or the establishment of a thriving business in a popular New Hampshire tourist destination. The asking price for this remarkable opportunity is $699,000.

• CAP approach

  CAP return

  Valuation

  6%

  $707,776

  6.5%

  $653,332

  7%

  $606,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $870,426

  Geo Method

  $869,255

• Alternative Use

  Use

  Valuation

  Residential

  $551,110

  Hospitality

  $504,814

  Educational

  $419,999

  Medical

  $434,444

  Retail

  $653,332

Location Insight

City

Lincoln

County

Grafton

State

New Hampshire

Latitude

44.0383

Longitude

-71.6756

CBSA code

30100

CBSA name

LEBANON, NH-VT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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