Two-Story Downtown Office
35 E Pearl St Nashua, NH 03060
New
35 E Pearl St, Nashua, NH, 03060
$500,000
For Sale
$500,000
Well-maintained two-story office building totaling about 2,500+/- SF, with recent upgrades and on-site parking.
Property Size2,500 SF
Lot Size0.09 Acres
Price / SF$200
Days on Market2
Property Features for 35 E Pearl St
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty-Metropolitan
(603) 232-8282
Listed by
Krissy LaPorte · License #69071(NH),9572112(MA)
(603) 232-8282
Source
Elliman
Added: Jul 21 Updated: Jul 22 at 10:31AM Checked: Jul 22 at 10:31AM
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 Keller Williams Realty-Metropolitan
Investment Insights
Based on property information with market context.
35 E Pearl St is a well-maintained, two-story office building totaling approximately 2,500+/- square feet, delivered vacant and ready for an owner-user or investor. The property has seen recent improvements including new flooring, windows, HVAC systems, exterior painting, and a hot water tank. The roof was replaced approximately ten years ago, supporting a strong baseline for continued use.
The building is located in Nashua’s Downtown Mixed Use (DMU) district and is described as within walking distance to the courthouse, municipal offices, and Main Street amenities. Access to public transportation is also highlighted, including local bus routes and commuter rail connections in nearby communities, with regional access to Manchester-Boston Regional Airport and Boston Logan International Airport.
The property sits on a 0.088-acre lot and includes on-site parking, with additional leased parking nearby and convenient on-street metered parking. The DMU zoning allows for a range of permitted uses, with the listing noting flexibility for office, mixed-use, or potential residential conversion subject to municipal approvals, and a single-tenant or multi-tenant option.
The building is located in Nashua’s Downtown Mixed Use (DMU) district and is described as within walking distance to the courthouse, municipal offices, and Main Street amenities. Access to public transportation is also highlighted, including local bus routes and commuter rail connections in nearby communities, with regional access to Manchester-Boston Regional Airport and Boston Logan International Airport.
The property sits on a 0.088-acre lot and includes on-site parking, with additional leased parking nearby and convenient on-street metered parking. The DMU zoning allows for a range of permitted uses, with the listing noting flexibility for office, mixed-use, or potential residential conversion subject to municipal approvals, and a single-tenant or multi-tenant option.
Key Highlights
- Well‑maintained two‑story office building totaling approx. 2,500+/- SF, built in 1900.
- Delivered vacant with single‑tenant or multi‑tenant option.
- Recent updates include new flooring, new windows, HVAC systems, exterior painting, and a hot water tank.
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 | $67.5k | $27.00 |
| − Vacancy | −$9.0k | −$3.59 |
| EGI | $58.5k | $23.41 |
| − OpEx | −$14.6k | −$5.85 |
| NOI | $43.9k | $17.56 |
2,500 SF · lease $27.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$627.0K
$548.7K – $731.5K
NOI $43,892 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.58M
$4.01M – $5.34M
NOI $320,625 @ 7.0% cap · market cap 64.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Artificial Turf Factory ...
Big Box & Wholesale Store
Shanelaris Schirch & Warburton ...
Law Firm
Shanelaris & Schirch PLLC: ...
Law Firm
Law Office of Meridith ...
Law Firm
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FAQs
What type of property is this?
Office building - Well-maintained two-story office building totaling about 2,500+/- SF, with recent upgrades and on-site parking.
Where is this office building located?
The property is located at 35 E Pearl St Nashua, NH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Well‑maintained two‑story office building totaling approx. 2,500+/- SF, built in 1900.; Delivered vacant with single‑tenant or multi‑tenant option.; Recent updates include new flooring, new windows, HVAC systems, exterior painting, and a hot water tank.
