1266 Union Avenue, Laconia, NH 03246

Property Description

This listing courtesy of Reed Heath, Coldwell Banker Realty Gilford NH

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

Listing Status:

Active

Date Added:

October 17, 2025 at 05:00AM

Listing Office:

Coldwell Banker Realty Gilford NH : 603-524-2255

Listing Agent:

Reed Heath : 603-524-2255

MLS ID:

5066315

Interior

• Basement: ConcreteFull
• A/C: Central AC
• Heating: Forced AirNatural Gas

Exterior

• Parking: Paved

Construction

• Roofing: Membrane
• General: Wood FrameBrick ExteriorVinyl SidingConcrete

Location

• County: Belknap

Lot

• Zoning: Com
• Waterfront: 176

Utilities

• Utilities: Cable Available
• Water: Public
• Sewer: Public

This listing courtesy of Reed Heath, Coldwell Banker Realty Gilford NH