970 Route 16Ossipee, NH 03864

Property Details for 970 Route 16

Year built

1960

Lot size

0.22 AC

Property size (Sq ft)

1,241 SF

Zone code

COM

Property type

Showrooms

APN

OSSI M:00123 L:003000 S:000000

APU

OSSIM00123L003000S000000

Description

This thriving seasonal restaurant, situated on the busy Route 16 in Ossipee, New Hampshire, presents a fantastic investment opportunity. The 1,241 square foot building sits on a 0.22-acre lot, offering convenient access for customers. Specializing in classic American fare such as burgers, hot dogs, fries, and ice cream, this establishment enjoys high customer traffic due to its prime location and quick service. A convenient take-out window caters to those on the go, while a cozy screen porch with picnic tables provides outdoor seating. The restaurant's popularity with both locals and tourists ensures consistent business throughout the season. Financially attractive, this property boasts a strong track record of profitability. Furthermore, a significant upgrade was completed in 2020 with the installation of a new septic system

• CAP approach

  CAP return

  Valuation

  6%

  $301,606

  6.5%

  $278,406

  7%

  $258,520

• Comparable approach

  Method

  Valuation

  Relative Method

  $408,616

  Geo Method

  $408,616

• Alternative Use

  Use

  Valuation

  Residential

  $234,846

  Hospitality

  $215,117

  Educational

  $178,975

  Medical

  $185,130

  Retail

  $278,406

Location Insight

City

Ossipee

County

Carroll

State

New Hampshire

Latitude

43.7062

Longitude

-71.1125

Property Tax & Assessments

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