MLS Number 4668247
- Year Built 1900
- Acreage 0.14
- NOI 97894
Iconic investment property in Downtown Laconia, offering four storefronts, and 11 one-bedroom apartments. Built in 1900 this building boasts limited turnover in both commercial and residential spaces. Rare downtown property has private parking for 5 cars, and abuts a city lot with 70 spaces. Located nearby the exciting 15 million dollar restoration of the Colonial Theatre. Actual vacancy averages less than 10% for the last three years. Many tenants have been there for years. Double digit CAP rates, and minimal turnover make this property a winner. Financials available upon request. This investment property will not disappoint. 24-48-hour advance notice for showings.
Listed by Kevin Sullivan of Weeks Commercial