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12 Lancaster Rd

2,501 SF Retail Building Gorham, NH 03581 $399,000 ($160/SF)

Investment Highlights

  • High Traffic area, and on busy ATV/UTV trail system

Executive Summary

Superb location, on the ATV/UTV trail system. The adage "location, location, location" is often considered the golden rule of the restaurant business and this is a great location! Simplicity of the current menu is ideal but it could also be adapted to any other great business. This is a great opportunity for a franchise or comfortably run the business of your choice! The workweek can be flexible (currently the business is open 5days a week and closed for the month of October). This meticulously maintained free standing 2,500sq. ft+- building with indoor and outdoor seating includes a recently paved parking lot, a fully equipped, clean kitchen and an array of impressive features such as a 1000-gallon grease trap, electrical service, providing ample power to support your business operations without any constraints and a new (installed 12/23) heating/a/c unit. The inclusion of a take-out window further enhances the convenience factor for customers on the go, POS and a surveillance system also included. Owner finance options are available. Longterm lease/buy for the building. Owner is seeking retirement but will provide hands on training to ensure a smooth transition.

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2024) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,501 SF
Building Class
C
Year Built
1998
Price
$399,000
Price Per SF
$160
Building Height
1 Story
Building FAR
0.12
Lot Size
0.48 AC
Zoning
RA - RA -https://www.gorhamnh.org/sites/g/files/vyhlif621/f/pages/2020-09-18_draft_zoning_ordinance_changes.pdf
Parking
17 Spaces (6.79 Spaces per 1,000 SF Leased)
Frontage
183 FT on Lancaster Rd

Amenities

  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
GORH-000008-000000-000032-U000000
Land Assessment
$94,500 (2023)
Improvements Assessment
$107,800 (2023)
Total Assessment
$202,300 (2023)
  • Listing ID: 28989744

  • Date on Market: 7/13/2023

  • Last Updated:

  • Address: 12 Lancaster Rd, Gorham, NH 03581

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