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Listed by Reed Heath • Coldwell Banker Realty Gilford NH • Off: 603-524-2255
$ 5,500,000
Est. payment | /mo
0.87 Acres Lot
$ 5,500,000
Est. payment | /mo
0.87 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5066315
Year Built 1956
Annual Tax Amount $23,033
Tax Year 2025
Lot Size 0.870 Acres
Acres 0.87
Property Description
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
Location
State NH
County Nh-belknap
Area Nh-Belknap
Zoning Com
Body of Water Lake
Rooms
Basement Entrance Interior
Basement Concrete, Full
Interior
Cooling Central AC
Inclusions Land/Building
Exterior
Utilities Available Cable Available
Waterfront Description Yes
View Y/N Yes
Water Access Desc Yes
View Yes
Roof Type Membrane
Building
Sewer Public
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