82 & 84 South Main

Retail-Commercial for Sale
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: $400,000
Unit Price: $46.62 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: 12/2/2022

Overview / Comments

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.

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

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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

Contact

Photograph of Listing Agent

Jesse Hepler

SVN The Masiello Group
NECPE Member
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