956 Old Concord Rd

Multi-Family for Sale
Catylist Listing ID: 30151653
Property Subtypes: Mixed Use
Number of Units: 4 Units
Building Size (RSF): 4,100 SF
Gross Building Area: See Agent
Sale Price: $572,500
Unit Price: $143,125 Per Unit
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/4/2018

Overview / Comments

The subject property at 956 Old Concord Road in Henniker, New Hampshire is very close to state route 202/9. The front building contains three apartments and is attached to the large, 3-story barn structure. In addition, there is a separate building being used as a woodworking shop and pottery studio. All structures sit on 7.64 acres. Additionally, the lot has 790 feet of road frontage. Currently, the principle residence is a unit within the 3-story barn. This unit can easily be divided into two one-bedroom apartments. The barn structure, including the barn board and its beams may have additional value which was not used for valuation in this report.The entire lot is zoned as part of Henniker's heavy commercial zone. With a minimum lot size of two acres, the lot is sub dividable into three separate lots, with two acres, two acres, and 3.64 acres respectively (see Appendix A for illustration). This may be an attractive idea for investors looking to transform the property for commercial or industrial applications.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $12,032 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 1-549
Zoning: HEAVY COMMERCIAL
Property Located Between: Old Concord Road, State Rt 202/9
Highway Access: State Rt. 202/9
Total Number of Buildings: 3
Number of Stories: 2
Year Built: 1850
Construction/Siding: Wood Frame
Exterior Description: Clapboard, Wood
Parking Type: Structure, Surface
Parking Description: Attached 2-car garage
Heat Type: Oil, Hot Water
Zoning Description: Heavy Commercial
Lot Frontage: 790 ft
Water Service: Well
Sewer Type: Septic

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,942 10,589
Median Age: 33.38 40.74
Households: 1,440 4,092
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