Listed by Gerry OConnell with KW Coastal and Lakes & Mountains Realty/Dover Cell: 603-978-8381

Active

81 Whittier Highway

Moultonborough NH, 03254

$5,950,000


$194.52 per sqft

Active

30,588 sqft

Commercial

Built in 2014

BRING YOUR OFFERS - Motivated Seller. Exciting New Price of $5,950,000 - 9.6 Cap Rate with 3% annual increases, and almost 3 years left on the Lease. Excellent Investment opportunity or an Ideal hands off 1031 Exchange property. 81 Whittier Highway with 3.85 acres was built in 2014, and is a high quality 28,967 SF Office Building and has been maintained in excellent condition. The Lease renewed in 2022 for 5 years to end of January 2027. In the current year 2024, the net income is at a 9.08 Cap Rate and 3% annual increases, making this an attractive 1031 exchange property for a Buyer. The property serves as the World Headquarters for CruCon Cruise Outlets. Fantastic setting in picturesque Moultonborough, on the North end of Lake Winnipesaukee. Moultonborough has Lake Winnipesaukee at it's South border, and Squam Lake at its West border. Boston Companies - Bring yourself, your business, and your employees to enjoy the NH Lakes Lifestyle.

4955040

MLS ID

June 1, 2023

Listed

July 13, 2024

Updated

Map

81 Whittier Highway
Moultonborough NH, 03254

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

3.85 Acres


Roof

Shingle - Asphalt


Sewer

Public

Other Property Details

Area Name

NH-Carroll


Taxes

$17,904


Tax Frequency

Annually


Days on Market

372


Garage

No


Parking

On-Site, Parking Spaces 21


View

No


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

3/31/2024

Price Change

$5,950,000

-5%

2/25/2024

Price Change

$6,250,000

-8%

Listed by Gerry OConnell with KW Coastal and Lakes & Mountains Realty/Dover Cell: 603-978-8381

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