111 S MAIN STREET, #4/6/7/8 4/6/7/8 | Concord, NH 03301 | Commercial Sale | Development, Investment, Multi-Family, Office, Opportunity, Retail

$950,000

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12509 sqft.
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Description

The location and access to I 93 and central downtown make this offering prime for redevelopment. The property is made up of 4 lots totaling 0.67 acres on So Main St and Sexton Ave, just off Exit 13 of I 93 and the intersection of S Main and Storrs St. In addition to the 4 lots, there are adjacent parcels owned by the City of Concord and the State of NH that could possibly be available for sale to add 1.07 acres to the project. There are four residential/commercial buildings on the site. A music school, located at 113 S Main St has a lease that expires in fall of 2022. 111 S Main St has 2 residential tenants and one retail tenant, 113 R S Main St is a duplex occupied entirely by one family, and 4-6 Sexton is a 3 unit with the 2 of the 3 units occupied. All of these tenants are tenants at will. The property abuts Dunkin Donuts and D'Angelo's. McDonald's, Goodyear Tire, Aubuchon Hardware, Amish Homestead, and Ledyard Bank are across the street. In addition to the commercial and retail development in the area, there is a dense residential population within walking distance to the location.

Property Details

List Price $1,295,000 Sold Price $950,000 List Date 2021-02-22 Sold Date 2021-12-15 MLS ID 4848215 Status Closed Property Type Commercial Sale Business Type Development, Investment, Multi-Family, Office, Opportunity, Retail County NH-Merrimack Days on Market 228

structure

basement No Total Baths 0 building area total 12509.0 building area units Square Feet Features Exterior Business Type Development, Investment, Multi-Family, Office, Opportunity, Retail living area 12509.0 living area source Public Records living area units Square Feet Parking Features On-Site, On Street year built 1900

characteristics

current use Bank, Office Building, Other, Retail Strip, Storefront Acres 0 lot size area 0.67 Lot SqFt 29185.0 # of Units 7

tax

tax annual amount 32466.0 tax year 2021 zoning CU - Urban Commercial

financial

gross income 115341.0 net operating income 55235.0

contract

foreclosure y n No

compensation

Buyer Agency Comp. 2.5 Buyer Agency Comp. Type % Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/19/2024 12:46:43 AM (UTC)