Current Use by Public Records
- Office Spaces
Property Details for 200-206 State St
- Year built
- 1920
- Lot size
- 1.29 lot acres
- Property type
- Office Spaces
Description
This Concord, NH office building presents a compelling investment opportunity. Located on a busy North State Street corridor with over 17,000 vehicles passing daily, this property boasts high visibility and convenient access to I-93 and downtown Concord. The 18,000 square foot, three-story building, constructed in 1920, sits on a 1.29-acre lot with 315 feet of frontage, providing ample space and potential for future development. Currently 100% occupied by three tenants under a net lease, the property generates a substantial net operating income (NOI) of $128,645, resulting in an attractive 10.33% capitalization rate. The building features 41 on-site paved parking spaces, supplemented by approximately nine free on-street parking spaces. Additional amenities include a 33' x 46' garage with two overhead doors and a loading dock, also with two overhead doors, providing excellent storage and loading capabilities. The building is equipped with natural gas, city water and sewer, and 90% central air conditioning. The property is zoned UT. This stabilized investment offers a strong return and significant upside potential in a desirable location.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.5508
- Latitude
- 43.2211
