Renovated Office Building in
12 Spg Nashua, NH 03061
12 Spg, Nashua, NH, 03061
$600,000
For Sale
$600,000
Renovated 1,632 SF office building with development potential.
Property Size1,632 SF
Price / SF$367.65
Days on Market91
Property Features for 12 Spg
General Information
- Standard status
- Active
- Size
- 1,632 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
(781) 334-8044
Listed by
Bradford Carlson
(781) 334-8044
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 3:57PM Checked: Jul 22 at 12:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bradford Carlson
Investment Insights
Based on property information with market context.
Located at 12 Spring St in Nashua, NH, this renovated 1,632 SF building presents an investment opportunity. Zoned D1/MU, the property offers potential for an owner-user seeking office or retail space, complemented by off-street parking. The zoning district also permits multifamily development, featuring minimal setback requirements and height restrictions up to 90 feet. Situated in the Nashua area, the property may appeal to investors looking to expand their commercial real estate holdings. The property is currently zoned as a single family house but located in a favorable commercial area. The previous owner used the building as an office. The location has a walk score of 95, indicating it is a Walker's Paradise, and a bike score of 69, indicating it is Bikeable.
Key Highlights
- Prime investment opportunity in thriving Nashua area.
- Zoned D1/MU, allowing for office, retail, or multifamily development.
- Potential for multifamily development with minimal setbacks and up to 90ft height.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.1k | $27.00 |
| − Vacancy | −$5.9k | −$3.59 |
| EGI | $38.2k | $23.41 |
| − OpEx | −$9.6k | −$5.85 |
| NOI | $28.7k | $17.56 |
1,632 SF · lease $27.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$409.3K
$358.2K – $477.6K
NOI $28,653 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.99M
$2.62M – $3.49M
NOI $209,304 @ 7.0% cap · market cap 34.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jordan Gall & Levesque
Law Firm
Joseph F. Gall ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Renovated 1,632 SF office building with development potential.
Where is this office building located?
The property is located at 12 Spg Nashua, NH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Prime investment opportunity in thriving Nashua area.; Zoned D1/MU, allowing for office, retail, or multifamily development.; Potential for multifamily development with minimal setbacks and up to 90ft height.
