Catylist ID:
#30800257
| Catylist Listing ID: | 30800257 |
| Property Subtypes: | Mixed Use, Street Retail |
| Building Size (RSF): | 8,580 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.02 Acres |
| Sale Price: | $399,000 |
| Unit Price: | $46.50 PSF |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Building Name: | Commercial Building for Lease with Purchase Option |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/28/2024 |
Overview / Comments
|
Pleased to offer an 8,250 sq ft building with associated paved parking on 0.21 acres in the heart of Concord’s thriving downtown commercial district. This is a rare opportunity to acquire a prime urban location with high visibility and easy access just off I-93 exit 13. It is offered at a below market rate to allow for renovations or development. Located at the southern gateway to Main Street’s vibrant mix of retail, restaurant, and downtown residences, the existing two-story 6,000sf open-space building is connected to a 2,580sf building with offices and storage in addition to a bonus 3,000sf unfinished third floor. Concord’s economic development team enthusiastically supports revitalization of this site of the historic Abbot-Downing factory, where the iconic Concord Coaches were made, and home since 1933 of the beloved family-owned Concord Cleaners dry cleaning business. Legacy environmental issues were addressed by the current owners and the urban commercial zoning allows for a wide range of uses including retail, restaurant, high density residential, lodging, office, and convenient drive thru. The property is currently under the final stages of haz mat remediation in full cooperation with NHDES. The Seller wishes to retain ownership of the property and the process until the NHDES Certificate of Completion is received. Buyer would then have the option to purchase the property. |
Attachments & Media
Additional Details
| Nearest MSA: | Concord |
| County: | Merrimack |
| Tax ID/APN: | 10797 |
| Zoning: | URBAN COMMERCIAL |
| Retail Clientele: | General, Family, Business, Traveler, Other |
| Property Visibility: | Excellent |
| Largest Nearby Street: | Main Street |
| Feet of Frontage: | 722 |
| Traffic/Vehicle Count: | 18,000 |
| Highway Access: | Full access |
| Airports: | Manchester-Boston, Boston Logan, and Concord Municipal |
| Site Description: | SVN The Masiello Group is pleased to offer an 8,250 sq ft building with associated paved parking on 0.21 acres in the heart of Concord’s thriving downtown commercial district. This is a rare opportunity to acquire a prime urban location with high visibility and easy access just off I-93 exit 13. It is offered at a below market rate to allow for renovations or development. Located at the southern gateway to Main Street’s vibrant mix of retail, restaurant, and downtown residences, the existing two-story 6,000sf open-space building is connected to a 2,580sf building with offices and storage in addition to a bonus 3,000sf unfinished third floor. Concord’s economic development team enthusiastically supports revitalization of this site of the historic Abbot-Downing factory, where the iconic Concord Coaches were made, and home since 1933 of the beloved family-owned Concord Cleaners dry cleaning business. Legacy environmental issues were addressed by the current owners and the urban commercial zoning allows for a wide range of uses including retail, restaurant, high density residential, lodging, office, and convenient drive thru. The property is currently under the final stages of haz mat remediation in full cooperation with NHDES. The Seller wishes to retain ownership of the property and the process until the NHDES Certificate of Completion is received. Buyer would then have the option to purchase the property. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 3 |
| Typical SF / Floor: | 3,000 SF |
| Year Built: | 1850 |
| Year Renovated: | 1989 |
| Parking Description: | Parking field |
| Lot Frontage: | 500 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,579 | 26,966 | 52,948 |
| Median Age: | 38.61 | 39.22 | 40.07 |
| Households: | 4,400 | 11,285 | 21,398 |
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