111 Concord Street, Nashua, NH

Office for Sale
Catylist Listing ID: 30818611
Property Subtypes: Office Building
Building Size (RSF): 6,114 SF
Gross Building Area: See Agent
Gross Land Area: 0.52 Acres
Sale Price: $625,000
Unit Price: $102.22 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/26/2022

Overview / Comments

111 Concord Street is a freestanding, two-story professional office building situated on a level, half acre lot providing an excellent user/owner opportunity. The total finished square footage of 6,114 ± sq. ft. includes an approx. 2,046 SF first floor level, an approx. 2,142 SF second floor level and an additional, finished 1,926 SF lower level space. Recent renovations include a 1,300 SF second floor expansion in 1988 and the addition of a new stairwell. The property abuts Nashua's Greeley Park providing access to the parks recreational amenities (walking trails, tennis courts, etc.). Outstanding visibility directly on Concord Street. Historically, the property was originally the site of the Colonial Maid, a local tea room/ice cream bar. The property currently serves as a single-tenanted, professional office building.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $13,033 (Annual)

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: 0048-00047
Zoning: URBAN RESIDENCE + VARIANCE
Site Description: Level, half acre lot fronting directly on Concord Street and abutting Nashua's Greeley Park
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1939
Year Renovated: 1988
Construction/Siding: Vinyl Siding, Wood Frame, Other
Parking Type: Surface
Parking Description: Approximately 15 on-site, off-street parking spaces in private, level lot. Additional 7 parking spaces available at the abutting property through a parking easement granted in 1988
Total Parking Spaces: 22
Heat Type: Natural Gas
Zoning Description: The property is located within the Urban Residence municipal zoning with a use variance granted in 1976 for "Professional and Business Office Use".
Lot Frontage: 162.75 feet on Concord Street
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Parking easement: Additional 7 parking spaces available at the abutting property through a parking easement granted in 1988

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,306 71,664 127,112
Median Age: 40.08 38.77 39.56
Households: 3,247 28,752 48,854
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