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Property profile & analytics
OFF-MARKET Estimated value $25,350,000
Warehouses

1 Chestnut St Nashua, NH 03060-9302

403,736 SF 4.46 ac lot Built 1915
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US58-0297051
Property summary
AI-generated overview

The Landing at One Chestnut, located at 1 Chestnut St, Nashua, NH 03060, offers a unique opportunity for businesses seeking flexible and adaptable commercial space. This nine-story, 432,000-square-foot building, constructed in 1915, sits on a 4.46-acre lot and caters to diverse needs, from small offices (166 sq ft) to expansive warehouse spaces (up to 13,360 sq ft). The property's zoning (GIMU - General Industrial/Mixed-Use) allows for a variety of uses including traditional, executive, medical, and creative office spaces, as well as manufacturing, flex, warehouse, distribution, and R&D facilities. The building features 15 loading docks with 15 dock-high doors, four drive-ins, and ample parking for 250 vehicles. Three elevators, including both freight and passenger options, ensure efficient movement throughout the building. The building boasts a 9-foot ceiling height and substantial power (2,500 amps, 3-phase). Recent capital improvements include exterior repainting and sealing, bathroom renovations in the warehouse, new office flooring, lobby and elevator upgrades, parking lot reconfiguration, and new exterior signage. The property benefits from convenient access to Route 3 and proximity to Nashua's vibrant downtown area, offering employees easy access to retail and dining options. The city of Nashua is also investing in infrastructure improvements in the surrounding area, enhancing the property's appeal. On-site management and maintenance, 24-hour key card access, and multiple tenancy options further enhance the value proposition of this exceptional commercial property. Currently, 14 spaces are available.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1915
Construction CONCRETE
Total area 403,736 SF
Lot 4.46 ac (194,147 SF)
Zoning code GIMU
APN NASH M:80 L:00001
UPID US58-0297051
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Caution Wear Big Box & Wholesale Store
  • Colonial Electronic Mfr Inc. Industrial Manufacturer Production Facility
  • Health Haven Pharmacy Pharmacy
  • The Lighting Center (Bike/Boat/Book/etc) Store Hardware & Home Improvement
  • NH Web design and SEO Services Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$29.67M
Blend (final) Blend
$25.35M
Owner & transaction history
One Chestnut Realty LLC · 7 yrs held
One Chestnut Realty LLC
since 2019
2 recorded transactions
2022
Price N/A
2019
$8.0M
Zoning & alternative use
GIMU · Nashua, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $39.1M +1.8%
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