Multi Unit Office Building for Sale- Contoocook Village

Office for Sale
Catylist Listing ID: 30663491
Property Subtypes: Executive Suites, Mixed Use, Office Building
Building Size (RSF): 3,677 SF
Gross Building Area: 3,802 SF
Gross Land Area: 0.15 Acres
Sale Price: $325,000
Unit Price: $88.39 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 3,677 SF
Sale Terms: Cash to Seller
Last Updated: 11/6/2020

Overview / Comments

A great opportunity to purchase a stately fully remodeled colonial in the heart of Contoocook Village on the picturesque Contoocook River!! The building features an office suite on floor 1 that can be used by one occupant or leased as an executive suite arrangement, There is a nice open reception area with a workspace, 4 private offices, a conference room and 2 ADA 1/2 baths. There is an open sitting area that could be framed in to provide a 5th room. The second floor has been occupied for several years by a Yoga studio which has a beautiful wide open studio space in addition to 2 other rooms and a 1/2 bath. There is an area on the 3rd level that is currently used for storage. The sellers of the property occupy a portion of the first floor but are planning to relocate. This opens up the possibility of an owner user purchasing the property for their own use and having income from other tenants.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $12,312 (Annual)
Tax Value Land $58,600
Tax Value Improvements $341,800
Assessed Value - Total($) $400,400 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: M101 B0 L16
Zoning: VB-1
Property Located Between: Cedar St and Contoocook River
Property Visibility: Good
Highway Access: From Exit 6 of I89 go north on Maple St. Cedar St will be on your left in approximately 1 mile. 44 Cedar St is on the left adjacent to the river and the public parking lot.
Airports: Manchester, Concord, Boston
Site Description: The building is sited on the Contoocook River immediately adjacent to the public parking lot servicing the village.
Area Description: The area is primarily the Contoocook Village district which is both charming and vibrant with an excellent variety of merchants, eateries, and essential commercial uses. It is surrounded by residential neighborhoods and only minutes from I 89. This particular property is beautifully positioned on the Contoocook River and benefits from a public parking area immediately adjacent to the building..
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,634 SF
Year Built: 1850
Year Renovated: 2016
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: The property is a stately colonial that has been well maintained. It has a ramp for accessibility to the front door as well as ample public parking immediately adjacent to the building. The scenic lot has 72' of frontage on the Contoocook River and it is within sight of the center of Contoocook village.
Parking Type: Other
Parking Description: The building sits on a public parking lot maintained by the town. There is ample space including several spaces across the front entrance of the building.
Sprinklers: None
Heat Type: Oil
Heat Source: Central
Internet Access: Cable
Interior Description: The building has been remodeled in the last few years with all new mechanical systems and updated accessible rest rooms. It has a gracious double width entrance with a wide stair case to the second floor. The wood floors are beautiful and the appointment of the offices, very attractive. It is a flexible layout which lends itself well to both single and multi tenancy.
Zoning Description: VB-1 Mixed Use
In Flood Plain?: Yes
Lot Frontage: 64'
Lot Depth: 81'
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Flowage rights granted to the United States government
Land Ownership: Fee simple
Legal Description: B 3517 P 666

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,500 8,600
Median Age: 45.72 44.15
Households: 1,778 3,434

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