Downtown Office Building with Parking for Sale

Office for Sale
Catylist Listing ID: 30830043
Property Subtypes: Office Building
Building Status: Proposed
Building Size (RSF): 16,689 SF
Gross Building Area: See Agent
Gross Land Area: 0.34 Acres
Sale Price: $2,250,000
Unit Price: $134.82 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/23/2023

Overview / Comments

The property at 29-31 School St in downtown Concord is a well-recognized building built in the late 1800s. It was the location of Evans Printing Company for many years and the annex for the Sulloway and Hollis Law Firm since 1985.

This building has been very well maintained over the years and offers many amenities. It features a total of 18 offices, 5 conference rooms, a kitchenette on floor 2 and the basement, and a kitchen on the 1st floor. It is accessible with 2 bathrooms on each of the 3 levels. Adjacent to the building is a private paved parking lot for 22 spaces. It is also right next to the 500-car Durgin Block Garage.

Located immediately across from the State Office complex, it sits right in the middle of downtown. A great opportunity for an entity that wants access to the State House, Court House, shopping, dining, and the many cultural activities offered in this city!!

Attachments & Media

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $40,224 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 3000 + 3002
Zoning: CBP-CENTRAL BUSINESS PERFORMANCE
Property Located Between: N State St and N Main St
Highway Access: Take Exit 14 west from I 93 and proceed to N Main St and the lighted intersection. Take a left on to N Main St and take a right on School St. Property is on the left at the corner of School and N State St.
Airports: Manchester, Concord, Boston
Site Description: The site is a level corner location consisting of two lots. One lot contains the building and the other is a paved parking lot with 22 spaces.
Area Description: The area is right in the middle of downtown Concord directly across from the State House complex. It shares the area with the government, professional, religious and nonprofit organizations, as well as retail, dining, and entertainment. In addition to the commercial uses, the area also includes housing with additional construction underway.
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 5,500 SF
Year Built: 1877
Year Renovated: 1986
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: The building is an extremely attractive brick structure with classic features and beautifully maintained. The property has a private parking lot to the west of the building along N State St. Adjacent to the building on the east side is a municipal parking garage.
Parking Ratio: 1.9 (per 1000 SF)
Parking Type: Surface
Parking Description: Private 22 car paved parking lot as well as on street metered parking and the 500 car Durgin Block Garage next to the property.
Total Parking Spaces: 22
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Fiber Optic, Other
Interior Description: The interior is carefully laid out for professional office space featuring private offices, large workstation areas and numerous conference areas varying in size. There is a lot of natural light filling the office and conference areas. The lower level had a large meeting area appropriate for training/education programs. Each level has a kitchenette or a full kitchen (Fl1) and a men's and women's bathroom. All levels are serviced by an elevator.
Zoning Description: CBP-Central Business Performance
Lot Frontage: 152.8'
Lot Depth: 122'
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Land Ownership: Owned
Legal Description: 2044/0852

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,187 26,966 54,694
Median Age: 34.25 39.22 39.95
Households: 3,353 11,285 22,073

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