40 Thorndike StConcord, NH 03301

Property Details for 40 Thorndike St

Year built

1902

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.37 AC

Property size (Sq ft)

19,878 SF

Zone code

RD

Property type

Other commercial real estate

Property subtype

Showrooms

APN

CNCD M:7441Z B:12

APU

CNCDM7441ZB12

Description

This exceptional 1200+ square foot creative office space, located in the Concord Community Arts Center at 40 Thorndike St, Concord NH 03301, is perfect for a variety of businesses. The unit boasts high (16ft) ceilings, large windows providing abundant natural light, and a spacious open layout ideal for collaborative work environments. Utilities and Wi-Fi are included, minimizing operational costs. The space features a large corner unit configuration, offering excellent visibility and natural light. Shared amenities include common waiting areas on each floor, a community kitchen, and a large function/event room, fostering a vibrant and collaborative atmosphere. The building, renovated in 2018, is conveniently located blocks from downtown Concord and offers ample parking (50+ spaces). This Class B office building is a single-tenant space within a thriving arts community, currently home to a diverse range of businesses including ballet, photography, music studios, and more. The landlord is open to creative lease terms. This is a unique opportunity to establish your business in a dynamic and inspiring environment. The building offers many possibilities for various business types.

• CAP approach

  CAP return

  Valuation

  6%

  $4,831,048

  6.5%

  $4,459,429

  7%

  $4,140,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,545,094

  Geo Method

  $6,545,094

• Alternative Use

  Use

  Valuation

  Residential

  $3,761,695

  Hospitality

  $3,445,692

  Educational

  $2,866,776

  Medical

  $2,965,368

  Retail

  $4,459,429

Location Insight

City

Concord

County

Merrimack

State

New Hampshire

Latitude

43.1983

Longitude

-71.5381

CBSA code

18180

CBSA name

CONCORD, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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