Commercial Property for Sale - Concord

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30724877
Property Subtypes: Free-Standing Building, Other
Status: Pending/Contingent
Condo? Yes
Building Size (RSF): 2,629 SF
Gross Building Area: 5,300 SF
Gross Land Area: 0.19 Acres
Sale Price: $219,000
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,629 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/23/2021

Overview / Comments

11 Perley St is Unit 1 of a 2 building condominium just off of S Main St in Concord. The condominium site is a 42,045 sf site with two buildings (condo units) and 147.9' of frontage on Perley St. Unit 2 is occupied by the American Legion and a variety of small tenants at the rear of their building. There is a large parking area with over 50+ spaces and Unit 1 has 12 spaces per the condominium documents.

The subject property is a single occupancy building with a ground floor of 2629 sf that consists of a 1300+/-sf retail space and a 1300+/-sf work shop with two-1/2 baths. The building has been occupied by a t-shirt and screen print business since 1987. The upstairs has a 450 +/- sf office and the rest is unfinished attic space. There is a front entrance on the street for the retail area and 2 entrances on the side of the building including a 6 1/2 ft overhead door. This is a great location for a small business just minutes from the center of downtown as well as Exit 13 of I 93.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $5,069 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 1602
Is Condo?: Yes
Zoning: UT-URBAN TRANSITIONAL
Retail Clientele: General, Business, Other
Property Located Between: S Main St and S State St
Property Visibility: Good
Largest Nearby Street: S Main St
Feet of Frontage: 147
Highway Access: From the subect property proceed east to S Main St. Take a right and bear left onto Water St in front of McDonalds to Exit 13 of I93. 4 minutes from the property.
Airports: Manchester, Concord, Boston
Site Description: The site has two buildings, Unit 1 and Unit 2 of the Perley Street Condominiums. The site is a 42,045 sf parcel with 147.9' of frontage on Perley Street. There is a rear access to S State St at the rear of the property by way of Downing St. The two buildings are long buildings that run parallel to the East and West property lines with a large paved level parking lot between the two making up the common area of the condominium. There are approximately 50 spaces and Unit 1 has 12 per the condominium documents. Unit 1 has a 20% share of the common area.
Area Description: The area is a mixture of residential and commercial properties, just a few feet from S Main St and is zoned Urban Transitional. The location is minutes from the central business district in downtown Concord as well as the State House complex and has great access to I 93 and I 89.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,629 SF
Property Condition: Average
Year Built: 1900
Year Renovated: 1987
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Siding
Exterior Description: Long narrow building with a retail entrance on the street side of the building and 2 doors on the side of the property including one overhead door.. The asphalt shingled roof was replaced in early April of this year.
Total Parking Spaces: 12
Parking Type: Surface
Parking Description: The common area of the condiminum has 50+ paved parking spaces. Unit 1 has the use of 12 spaces in this lot.
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable, Other
Interior Description: There is a retail area of 1300+/- sf in the front of the building. This is adjacent to a 1300 +/- sf work shop in the rear of the building. There is a 1/2 bath in each of the two areas. Additionally the building has a second level that has a small office and the balance of the space is an unfinished attic.
Zoning Description: UT-Urban Transitional
Lot Frontage: 147.9
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Condominium
Legal Description: Bk 3668 Pg 2010

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,579 26,966 52,948
Median Age: 38.61 39.22 40.07
Households: 4,400 11,285 21,398

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