Why Has This Iconic Property in NH Been For Sale for 2 Years?

No way and just SHUT. UP. The oldest Drive-In in the state of NH is up for sale for a cool 2.8 million. The Weirs Beach drive in located at 76 Endicott Street, Weirs Beach, NH.

According to the listing in Realtor.com:

Largest land parcel zoned C-R in the heart of Weirs Beach. This iconic drive-in, since 1942, is the oldest in the state. This may be the best development site in the entire state. 12.62 acres in the T.I.F. district. Extremely high visibility. Zoning allows 60 foot height. C-R zoning allows a variety of commercial and residential uses. Perfect resort hotel or condo site - rendering available. Perfect 1031 exchange - full presentation offered to investors. Develop your ideas on this iconic site. Construction financing available.

There is one thing about the listing that I found interesting. It's been for sale on Realtor.com for 722 days. By my calculations, that's just shy of two years. At first blush, it seems like an amazing development opportunity, so why hasn't it sold yet? Could it be because people just don't go to the drive-in anymore? I don't think that's it. Especially at the Weeeee-ahs! That place is SLAMMIN' busy in the summer time, so why is it not moving? Could it be that the price is too high?

If you know, feel free to give me a shout. Realtor Sarah wants to know.