10 Twin Bridge Rd Merrimack, NH 03054
- Office Properties & Spaces
- 2,219 SF
Current Use by Public Records
- Integrity Laser, Inc. / Laser Cutting Service / Engraver
- Aspire Living & Learning / Non-Profit Organization
- Asian Massage Merrimack / Massage Therapist / Massage Spa
Property Details for 10 Twin Bridge Rd
- Year built
- 1930
- Construction
- FRAME
- Property size
- 2,219 SF
- Zone code
- RESIDE
- Property type
- Office Properties & Spaces
- APN
- MRMK M:05D-3 L:000115 S:00001A
- APU
- MRMKM05D3L000115S00001A
Description
This exceptional investment opportunity presents three contiguous commercial condos totaling 5,392 square feet, situated on a 1.48-acre lot at 10 Twin Bridge Road, Unit 1ABC, Merrimack, NH. Ideally located just off Route 3, this property offers high visibility and convenient access. The three units, legally distinct, must be purchased together, presenting a unique chance for business use, investment, or a blend of both. Each unit boasts its own distinct layout and features. Unit 1A, a spacious 2,219 square feet located on the upper level, includes numerous private offices, two restrooms, a kitchen area, and utility areas. It's available for immediate occupancy. Unit 1B, also 2,219 square feet, is situated on the middle level with direct ground-floor access to the parking area and is currently leased to a long-term tenant. This unit features an open concept design, two private bathrooms, and a kitchen area. Finally, Unit 1C, a 954 square foot space on the first level, offers direct ground-level access, open areas, private offices, a private bathroom, and a kitchen area. It is currently leased to a tenant on a shorter-term lease. The property boasts ample parking and street signage. Low condo fees further enhance the value proposition. The asking price for all three condos is $599,950. This presents a compelling opportunity to acquire a multi-unit commercial property with immediate income potential and significant upside.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $255,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $290,000
- Mixed-Use
- $295,000
- Hospitality
- $275,000
- Educational
- $285,000
- Residential Income
- $305,000
- Energy
- $270,000
- Income-Based Land
- $295,000
- Food Service
- $295,000
Location Insight
- Map
- Local Demand
- City
- Merrimack
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.4895
- Latitude
- 42.8706
- CBSA code
- 31700
- CBSA name
- MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA