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: |
$134.82 PSF |
| Ceiling: |
12 ft. |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/23/2023 |
Overview / Comments
The property at 29-31 School St in downtown Concord is a well-recognized building built in the late 1800s. It was the location of Evans Printing Company for many years and the annex for the Sulloway and Hollis Law Firm since 1985.
This building has been very well maintained over the years and offers many amenities. It features a total of 18 offices, 5 conference rooms, a kitchenette on floor 2 and the basement, and a kitchen on the 1st floor. It is accessible with 2 bathrooms on each of the 3 levels. Adjacent to the building is a private paved parking lot for 22 spaces. It is also right next to the 500-car Durgin Block Garage.
Located immediately across from the State Office complex, it sits right in the middle of downtown. A great opportunity for an entity that wants access to the State House, Court House, shopping, dining, and the many cultural activities offered in this city!!
|
Financials
| Finance Data Year |
2023 |
| Real Estate Taxes - Annual($) |
$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 |
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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