Listing courtesy of Reed Heath, Coldwell Banker Realty Gilford NH Off: 603-524-2255
1266 Union Avenue, Laconia, NH, 03246
1956
Positioned directly across from McDonald’s on Union Avenue in the heart of Laconia, 1266 Union Avenue presents a rare opportunity to acquire a high-yield, mixed-use waterfront investment anchored by a national credit tenant with nearly four decades of operational history and over 1,000 locations nationwide. The tenant occupies a 5,400± SF building under a strong lease with approximately 2½ years remaining and a demonstrated interest in extending. The property includes 176 feet of owned waterfront on Lake Winnipesaukee with 21 boat slips that collectively generate approximately $88,000 NNN in annual income, representing nearly $2 million in intrinsic dock value alone. This exceptional combination of secure income, prime location, and tangible asset value creates an investment profile rarely available in the Lakes Region. Adding to the upside, the City of Laconia has expressed preliminary support for a potential condominium redevelopment project consistent with the city’s ongoing revitalization of its waterfront corridor. Conceptual plans are available to qualified buyers. Furthermore, the same national tenant also occupies another nearby site at 3 Maple Street in Gilford, which may be purchased separately or as part of a two-property portfolio—a unique opportunity to own both locations leased to a proven national operator. With stable cash flow, a long-term credit tenant, and redevelopment potential in one of New Hampshire’s fastest-growing markets, 1266 Union Avenue stands as
Status:
Active
Type:
Commercial
Zoning:
Com
Frontage:
159
Heating:
Forced Air, Natural Gas
Cooling:
Central AC
Parking:
Paved
Acreage:
0.87
Est. Taxes:
$23,033
Construction
Wood Frame,Brick Exterior,Vinyl Siding
MLS #:
5066315