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1602 Mount Major Highway, Alton, NH, 03810 | $849,000
Located on high traffic Rt. 11 in Alton, this property is now offered for sale as a turn key restaurant. The main floor seats 95 guests, including the bar. There is a second floor function room that seats 46, and an owner's apartment with three bedrooms on the third floor. This is a great opportunity for a chef/restauranteur, or for an expansion location of a current restaurant. The second floor was remodeled to accommodate more seating and the third floor was remodeled for the occupancy of the owners/chef housing. Extensive renovation and many updates have been done to the building, including a brand new fully equipped kitchen, power upgrades, HVAC, septic upgrades and internal flow remodeling. The Lakes Region consists of 30 communities with the population of approximately 112, 000 people. Nearly 30% of all homes are seasonal. There is a substantial increase in the population during the summer season. An average visitor spends at least $85. 00 per day. Great opportunity to own your own restaurant in the Lakes Region.
Features
- Property Type: Hospitality,Investment,Opportunity,Other,Retail
- Construction: Wood Frame,Stucco Exterior
- Parking: Driveway
- Heating: Forced Air
- Cooling: Central AC
- Zoning: LR
- Frontage: 271
- Year Built: 1920
- Acreage: 2.2
- Est. Taxes: $6,825
- MLS#: 4866774
- Website: https://www.raveis.com
/prop/4866774/1602mountmajorhighway_alton_nh?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/8/2024Listing courtesy of KW Coastal and Lakes & Mountains Realty Phone: 603-610-8500
Listing Agent: David Garvey
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Paul.Berrios@raveis.com
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1602 Mount Major Highway, Alton, NH, 03810
$849,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $679,200 | $679,200 | $679,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.625% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.335% | 6.738% | 6.559% |
| Monthly Tax Payment | $569 | $569 | $569 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,018 | $4,349 | $5,870 |
| Total Monthly Payment | $4,679 | $5,010 | $6,531 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NH Mortgage Banker #11083-MB