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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755


$1,099,000

Price Change! reduced by $500,000 on October 30th 2024
MLS# 5002794
sq.ft. Bedroom | 0 Bathroom
Commercial
388 Loudon Road Concord NH
 
Price Change! reduced by $500,000 on October 30th 2024
$1,099,000 | $153 per sq.ft. Commercial Property, 388 Loudon Road Concord NH | Space type MLS# 5002794


DESCRIPTION

PRICE IMPROVEMENT! RARE Prime level lot on Loudon Road just waiting to be redeveloped, not many more lots like this on Loudon Road. Existing building was operated as the popular "Pit Road Lounge", and now it's waiting for a new owner to fix it up and get it back into business.... OR redevelop this prime level lot on Loudon Road for a new use. Located on highly traveled commercial hub Loudon Road where the vast majority of chain stores and restaurants are located. Great location for Medical, Retail, Restaurant with or without drive-through, Medical / Clinic, Retail establishment, Child/Adult care, Dance/Music school and so forth. Location is everything! Near all of the commercial box stores including WalMart. Harbor Freight, Dicks, Sams Club as well as chain restaurants including Texas Roadhouse, Chipotles and Popeyes to name a few. New housing projects include the planned repurposing of The Steeplegate Mall just a mile away, as well as the new Catch Housing around the corner on Sheep Davis Road; as a result this end of Loudon Road will be even more heavily trafficked with potential customers for business at this location. Seller is willing to share information concerning preliminary site investigation with plans prepared for automotive repair use. TRAFFIC COUNT: Roughly 11k VPD, and on Sheep Davis Road (Route 106, just a quarter mile away) 14k+ VPD. Route 393 is .3 miles away.
Building Type : Development | Land | Opportunity | Retail

Sale Includes : Land/Building
Price per SQFT | 152.83 Net Income| 0
Management Expense-| $0
Insurance Expense -| $0


FEATURES AND DETAILS

CONSTRUCTION:
Masonry | Price Per SQ.FT. 152.83 | Year Built: 1951
No. of Units-| 0
Building Size | 7191
Available SQFT | 4717
Basement: Stairs - Interior
Building Type: Development | Land | Opportunity | Retail
Roof: Shingle - Asphalt
Road Frontage: 187
Utilities: Cable - At Site | Gas - Underground
No. of Docks | 0.
No. of Drive Doors | 7191.

LAND INFORMATION


 


ADDITIONAL INFORMATION

Lot size: 2.21 acres
Zoned: GWP
Flood Zone: No
Road Frontage: 187
Taxes $16,272  | Assesed Value $605,800 in 2023
15 Buck Rd. Hanover, NH 03755 603-643-3942

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