161 Loudon RdConcord, NH 03301

Property Details for 161 Loudon Rd

Year built

1969

Construction

FRAME

Lot size

1.05 AC

Property size (Sq ft)

10,452 SF

Zone code

CG

Property type

Retail properties

Property subtype

Turn key restaurants

APN

CNCD M:603Z B:47

APU

CNCDM603ZB47

Description

This exceptional Concord, NH property, located at 161 Loudon Road, presents a unique investment opportunity. The 14,947 square foot building, constructed in 1969 and renovated in 2007, sits on a 1.05-acre lot zoned for General Commercial District use. Previously operating as a restaurant (The Red Apple Buffet), the property boasts a main floor of approximately 10,452 square feet, a finished lower level of approximately 4,495 square feet, and an unfinished basement of approximately 4,915 square feet. The main level retains its original restaurant layout, including seating for 325 patrons, a bar, and dance floor. Kitchen equipment includes two coolers and one cooler with a freezer. Ample parking is available on the large, level corner lot. The property's prime location at the intersection of Loudon Road and East Side Drive offers high visibility and accessibility. This versatile property is ideal for redevelopment or continued use as a restaurant, with the owner open to leasing options

• CAP approach

  CAP return

  Valuation

  6%

  $2,540,201

  6.5%

  $2,344,801

  7%

  $2,177,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,441,459

  Geo Method

  $3,441,459

• Alternative Use

  Use

  Valuation

  Residential

  $1,977,927

  Hospitality

  $1,811,771

  Educational

  $1,507,372

  Medical

  $1,559,213

  Retail

  $2,344,801

Location Insight

City

Concord

County

Merrimack

State

New Hampshire

Latitude

43.2174

Longitude

-71.5056

CBSA code

18180

CBSA name

CONCORD, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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