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$1,400,000 Sale Pending

  • For Sale
  • Pending
  • Commercial Investment
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10.1 CAP Rate NNN Bank with Separate Drive thru Opportunity! Citizens Bank has recently committed to this location with an extension of the current term to mid-2029 and have added 3 x 5 year options to renew. This bank building located in Central downtown Laconia is a great Investment opportunity with no Landlord responsibility. The offering consists of two parcels, with the Bank building on one parcel, and the Drive thru on a separate parcel across the street. There is ample allocated bank parking at the rear with deeded spaces in a shared parking lot, and plenty of room with the 3 Lane Drive Thru. The high ceilings open up the space for great atmosphere. This is a full net lease with the Tenants responsible for all maintenance and upkeep. Lease details and available with Non-Disclosure Agreement (NDA).

Full Property Details for 587 Main St

General

  • Price: $1,400,000
  • Taxes: (2025)
  • Status: Pending
  • Type: Commercial Investment
  • Source: PrimeMLS
  • MLS ID: 5014131
  • Updated: 12/19/2025
  • Added to Site: 496 day(s) ago

Location

  • County: Belknap

Heating & Cooling

  • Cooling Type: Central AC
  • Heating Type: Hot Water, Oil

Utilities

  • Sewer: Public

Structural Information

  • Basement Entrance: Interior
  • Basement Desc.: Partially Finished, Interior Stairs
  • Roof: Tar and Gravel
  • Square Feet: 11,154
  • Finished Total: 9,314 Sq. Ft.
  • Year Built: 1900

Unit Information

  • Units in Building: 1

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size (Sq. Ft.): 5,663
  • Frontage: Yes Road Frontage
  • Frontage Feet: 60
  • Zoning: UC

Financial Considerations

  • Price Per Sq. Ft.: $125.52
  • Tax Year: 2025

Timeshare

  • Fractional Own: Adequate

Listed by KW Coastal and Lakes & Mountains Realty/Dover, Gerry OConnell and KW Coastal and Lakes & Mountains Realty/Meredith, Samantha J Young

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Listed by KW Coastal and Lakes & Mountains Realty/Dover, Gerry OConnell and KW Coastal and Lakes & Mountains Realty/Meredith, Samantha J Young

Listing agents

— 587 Main St —

  • Gerry OConnell

    KW Coastal and Lakes & Mountains Realty/Dover

  • Samantha J Young

    KW Coastal and Lakes & Mountains Realty/Meredith

Gerry@OConnellRE.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 587 Main St

School District:Laconia School District
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 587 Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/19/2025
Price Reduced
$1,400,000
-6.67%
MLS
9/13/2024
Listed
$1,500,000
8.7%
MLS
1/12/2022
Sold
$1,380,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 587 Main St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,508
15%
$844,300
18%
2023
$9,992
-6%
$718,300
1%
2022
$10,613
-17%
$714,700
6%
2021
$12,721
-4%
$674,500
1%
2020
$13,230
-4%
$670,900
—
2019
$13,814
2%
$670,900
3%
2018
$13,530
-1%
$648,900
—
2017
$13,646
-5%
$648,900
—
2016
$14,406
-9%
$648,900
-9%
2015
$15,875
-1%
$715,100
—
2014
$16,014
2%
$714,900
—
2013
$15,717
—
$711,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 587 Main St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by KW Coastal and Lakes & Mountains Realty/Dover, Gerry OConnell and KW Coastal and Lakes & Mountains Realty/Meredith, Samantha J Young

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587 Main Street, Laconia, NH 03246 (MLS# 5014131) is a Commercial Investment property. 587 Main Street is currently listed for $1,400,000 and was received on September 13, 2024. Want to learn more about 587 Main Street? Do you have questions about finding other Commercial Investment real estate for sale in Laconia? You can browse all Laconia real estate or contact a Coldwell Banker agent to request more information.

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