15 Newmarket Rd, Durham
Tideline Public House
Marketing description
Coastal Land and Commercial Group is pleased to present the opportunity to acquire Tideline Public House at 15 Newmarket Rd. (rt 108) in Durham, NH. Located a few minutes walk from the UNH campus and it's 14,000 students, Tideline has operated an imaginative and unique hospitality business since 2023. The main building was meticulously renovated in 2023 and consists of two bars, one with a fireplace, multiple lounge areas, two private meeting rooms, and 2 guest suites being rented on a short term basis and generating considerable and growing revenue. Just outside are 8 food truck pad sites, complete with electric, water, sewer and propane hook ups. A second building is a renovated and charming bar with a wood stove, and the third building houses a walk in cooler, kitchen equipment, and another set of public restrooms. Diverse income generated from:
1. Food Truck Pad Leases
2. Meeting and Event Space Leases
3. Bar and Food Service
4. Short Term Overnight Room Rentals. Tideline has a Google rating of 4.8 stars and the lodging (Anchor at Tideline) has a 5 star rating.
Located along Rt 108 and 20 minutes to Portsmouth, NH and Rt. 95, 15 Newmarket Rd is in a strategic and growing area. Rt 108 is the main corridor between Dover and Rt 16 and Durham, Newmarket, and points south. The site is a short walk to UNH's 14,000 students and is near the new 60-acre Innovation District development, which, in addition to the 70,500 square foot research facility already under construction, will feature 500 housing units and a hotel. Durham, with its excellent public schools and low crime rate is ranked as the #2 place to live in NH and was given an A+ grade for quality of life.
Located on a strategic corner, this .93 acre parcel has water, sewer, and natural gas. Tideline's location has a strong traffic count of 11,714 ADT. The level site is in Durham's courthouse commercial district, which allows a variety of commercial uses including hotels, restaurants, medical office multi-family residential and more. The site includes 8 pad sites for food trucks which include electric, water, sewer, and propane connections. There is a parking easement in favor of the Town of Durham. Contact the broker for more info.
Investment highlights
- Food Truck Pad Leases
- Meeting and Event Space Leases
- Bar and Food Service
- Short Term Overnight Room Rentals.
- Land (SF): 47,729 SF
- Meticulously restored buildings fully renovated in 2023
- Ability to enhance revenue with full alcohol service, more food offerings, and expanded hours
- Zoning allows multi-family development, hotels, medical office, and more
- Potential to add rooms to a strong-performing lodging business
- Being offered well under assessed value
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