COMMERCIAL CONDO FOR SALE DOWNTOWN CONCORD

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30384981
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Office Building, Research & Development, Other
Building Size (RSF): 2,464 SF
Gross Building Area: See Agent
Sale Price: $225,000
Unit Price: $91.31 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: 46 Main Street Office Building Condominium
Class of Space: Class A
Usable Size (USF): 3,193 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/18/2019

Overview / Comments

Beautiful Commercial Condo for sale in the heart of downtown Concord and next door to The Capitol Center For The Arts. Ideal for many commercial uses, including professional, medical and service. Newly renovated with paint, carpet, remodeled kitchen, new hot water heater in kitchen, and $4,000 in new windows January 2019. Seller has put in approximately $15,000 in renovations since purchase last April of 2018.

Layout consists of very large open reception / waiting / meeting area, large conference room, four large private offices with windows, three internal offices,a kitchen and storage room. There are shared bathrooms exclusive to this Condo Unit 1 and adjacent Condo Unit 2. This complex is professionally managed and well-maintained.

Easy walking distance to all restaurants, shops, cafes, banks and The State House. Assigned on site parking lot in front of the building, plus three Visitor parking spaces and handicap parking space - in addition to easy street parking on South Main Street in front of building. Handicap accessible with an elevator in the building. This Condo has two assigned private parking spaces (Spaces #19 and #21) - these spaces have room for three vehicles!

Condo fee is $917.94 per month (billed monthly) which includes parking, City water & sewer, snow removal, landscaping, exterior maintenance, property management and common area electricity.

A new canopy will be installed this spring to cover the stairwells in front of the building.

Owner's utilities average $110 per month for natural gas, $174 per month for Unitil electric and $273 per month for Comcast (internet and phone).

This Professional Condominium complex was formerly The Masonic Temple and was developed with Historic Tax Credits, therefore maintaining the historic and beautiful features.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $6,246 (Annual)
Assessed Value - Total($) $221,600 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 34/ 2/ 6//
Zoning: CBP- CENTRAL BUSINESS PERFORMANCE DISTRICT
Property Visibility: Excellent
Highway Access: Minutes to Interstate 93, 393, 89 and Routes 106, 4 and 202.
Site Description: Vibrant downtown Concord!
Total Number of Buildings: 1
Number of Stories: 4
Typical SF / Floor: 5,355 SF
Year Built: 1925
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Reserved on-site parking. This condo has parking space #19 - 1st parking space on the right and parking space #21 which is on the side of the building and Owner parks 2 cars at space #21.
Passenger Elevators: 1
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,931 26,966 52,948
Median Age: 36.76 39.22 40.07
Households: 5,045 11,285 21,398

Contact

Photograph of Listing Agent

Wendy E. Keeler

Fairway Real Estate, LLC
NECPE Member
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