CONDO FOR SALE IN PENACOOK, NH

Office for Sale
Catylist Listing ID: 30847280
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Research & Development, Other
Condo? Yes
Building Size (RSF): 3,781 SF
Gross Building Area: See Agent
Sale Price: $249,900
Property Use Type: Investment, Vacant/Owner-User
Building Name: The Fifield Block Condo Association
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2024

Overview / Comments

Condo for sale consisting of 3,781 +/- SF plus 1/2 Tenant in Common basement and land. The unfinished basement is 1,849 +/- SF.

The 1st Floor entry area is 90 SF.

Seller paid gas heat in the amount of $1,079..58 for one year, water/sewer of $202.43 for one year and 1/2 of the snowplowing of $650 for the past season.

There is currently a Tenant leasing 2,393 +/- SF - AML Partners. AML Partners uses a great deal of electric with their servers and they pay the electric bill. There is only one electric bill the the floor. Tenant pays $2,898.87 per month plus electric and heat. Tenant has been leasing for several years - currently under a lease until May 31, 2024. A 24 hour notice to show this space is required.

There is also a Dentist who owns a condo and the Dentist pays for heat in the basement.

The condo was apartments in the 1980's and the condo could sell for residential uses subject to housing permission from City of Concord to convert which is likely to happen.

The vacant space has 5 private offices with windows and a kitchenette and an abandoned bathroom which could still be usable.There is beautiful trim throughout out all the space.

The natural gas heat is FHA. The roof is Tar & Gravel.

There is potential to purchase very small adjacent parcel.

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $7,937 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Taxing Authority: City of Concord
Tax ID/APN: 1412/P 44/ 1/B/
Is Condo?: Yes
Zoning: CBP
Property Visibility: Good
Highway Access: Minutes off of the highway.
Site Description: Lovely downtown Penacook.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1904
Year Renovated: 2020
Roof Type: Other
Construction/Siding: Brick
Parking Description: There is free off-site parking outside the building and 8 parking spaces to the rear of the building.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Several private offices
Zoning Description: Many uses included in the CBP zone to include but limited to medical, office, residential condo, service and sales of goods.
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: ,16 acres in common

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 922 10,980 28,516
Median Age: 39.55 37.27 39.52
Households: 386 4,547 10,834

Contact

Photograph of Listing Agent

Wendy E. Keeler

Fairway Real Estate, LLC
NECPE Member
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