388 Loudon RdConcord, NH 03301

Property Details for 388 Loudon Rd

Year built

1951

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.21 AC

Property size (Sq ft)

4,717 SF

Zone code

GWP

Property type

Retail properties

Property subtype

Turn key restaurants

APN

CNCD M:46Z B:50

APU

CNCDM46ZB50

Description

This exceptional 2.21-acre commercial property at 388 Loudon Road presents a unique investment opportunity. The existing 4,717 square foot building, formerly home to the Pit Road Lounge, is available for lease. Alternatively, a land lease is also an option, allowing for the development of a new structure tailored to your specific needs. The property's prime location on a highly trafficked commercial artery, Loudon Road, boasts an impressive 11,000 vehicles per day (VPD). Its proximity to major roadways further enhances its visibility and accessibility. Just a quarter-mile from Sheep Davis Road (Route 106), with its 14,000 VPD, and 0.3 miles from Route 393, this location ensures maximum exposure. The property benefits from its strategic placement across from the proposed Concord Casino and within five minutes of numerous big-box retailers, including Target, Walmart, Harbor Freight, Dick's Sporting Goods, and Sam's Club, as well as popular chain restaurants such as Texas Roadhouse, Chipotle, and Popeyes. Furthermore, its proximity to new and existing residential developments, including the planned Steeple Gate Mall repurposing and the new Catch Housing project, guarantees a strong customer base. This versatile property is ideal for a variety of uses, including breweries, medical clinics, retail establishments, restaurants (with or without drive-throughs), daycare centers, and dance or music schools. Don't miss this chance to capitalize on this exceptional location and high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,146,396

  6.5%

  $1,058,211

  7%

  $982,625

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,553,134

  Geo Method

  $1,553,134

• Alternative Use

  Use

  Valuation

  Residential

  $892,641

  Hospitality

  $817,654

  Educational

  $680,279

  Medical

  $703,675

  Retail

  $1,058,211

Location Insight

City

Concord

County

Merrimack

State

New Hampshire

Latitude

43.2322

Longitude

-71.4757

CBSA code

18180

CBSA name

CONCORD, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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