Property summary
This exceptional 10,261 square foot office building at 103 N State Street, Concord, NH presents a unique redevelopment opportunity. Situated on a 0.47-acre lot in the heart of downtown Concord, this property boasts unparalleled convenience, being mere seconds from the highway and within walking distance of the city center. Currently configured as efficient office space, the building features multiple private offices, spacious conference and training rooms, a full kitchen and break rooms, a laundry facility, and six bathrooms. Accessibility is ensured with a wheelchair lift servicing the first floor from the lobby. The building is well-maintained and divided into easily adaptable spaces, currently occupied by a non-profit organization. Ample parking is provided with 27 on-site spaces, including two designated handicap spots. The property includes two heating systems: forced hot water and oil steam. A walk-up attic, currently used for storage, offers significant potential for conversion, perhaps into a studio apartment. The asking price is $1,410,000. This property's prime location and versatile layout make it ideal for a variety of uses, including potential condo conversion. Don't miss this chance to capitalize on a truly remarkable investment opportunity in a thriving downtown setting.
Property profile
VerifiedCap rate & NOI
Current use
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Charitable Organization Social Service Agency
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Civic Performance (CVP) District is established in an area between Concord's Central Business (CBD) District and the surrounding Downtown Residential (RD) District to accommodate federal, state, county, and local off…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CVP · Concord, NHThe Civic Performance (CVP) District is established in an area between Concord's Central Business (CBD) District and the surrounding Downtown Residential (RD) District to accommodate federal, state, county, and local off…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Civic Performance (CVP) District is established in an area between Concord's Central Business (CBD) District and the surrounding Downtown Residential (RD) District to accommodate federal, state, county, and local off…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CVP in Concord, NH.
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