Health Club/ Redevelop/ Repurpose

Special Purpose for Sale
Also listed as Vacant Land
Catylist Listing ID: 30815261
Property Subtypes: Health Care/Medical
Building Size (RSF): 70,000 SF
Gross Land Area: 10.17 Acres
Sale Price: $4,000,000
Ceiling: 22 ft.
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/23/2023

Overview / Comments

Faulkner Commercial Group is pleased to present for sale for current use or redevelopment/ repurpose the property at 10 Garvins Falls Road, which consists of two parcels of land totaling 10.17± acres. The property is currently home to the Health Club of Concord. Improvements include a 70,000+/- sq.ft. steel building which includes basketball/ multi-use courts, racquetball courts, tennis courts, indoor track, indoor swimming pool and sauna, fitness area with weight machines, childcare, yoga room, locker rooms and a café. In addition, there is a large outdoor gunite swimming pool and patio area along with four outdoor tennis courts. There is also ample space for outdoor activities and parking. The facility has 3 roofs: TPO, asphalt & rubber. All roofs are new with 20 year warranties.

Appropriate for use as designed or redevelopment. All information was obtained through public records and current owners, prospective buyers are encouraged to perform due diligence. Discretion is appreciated, operating business. Please DO NOT inquire within.

Additional Details

Nearest MSA: Concord
County: Merrimack
Submarket/Township: NH-Other
Submarket Type: Other
Tax ID/APN: Map 110, Block I-2, Lot 7&4
Zoning: CH & RM
Property Visibility: Excellent
Feet of Frontage: 850
Traffic/Vehicle Count: 27,000
Highway Access: Well situated just off I-93 exit 13.
Airports: Manchester Boston Regional
Property Condition: Excellent
Year Built: 1974
Year Renovated: 2017
Roof Type: Other
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: Ample Parking
Internet Access: Cable
Lot Frontage: 850.0
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,710 23,585 51,213
Median Age: 42.55 39.25 40.73
Households: 1,414 10,545 20,566
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