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    FOR LEASE
    Banks

    161 N State St, Concord, NH 03301

    10,740 SF 1.78 ac lot Built 1966
    Trust Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US58-0394351
    Property summary
    AI-generated overview

    This exceptional commercial property at 161 North State Street in Concord, NH, offers 24,200 square feet of versatile space ideally suited for a variety of businesses. Situated at a highly visible, lighted intersection just north of Concord's downtown area, this property boasts significant street-level exposure. The building's previous use as a bank provides a unique advantage, featuring existing bank-style fixtures including a tellers' area, spacious public area, private offices, and conference rooms. This ready-to-occupy layout minimizes upfront renovation costs and allows for immediate business operations. A separate rear space offers additional potential for smaller retail use or expansion. Beyond the main level, a full 10,000-square-foot basement is available for lease at $5.00 per square foot, contingent upon leasing the upper floor. This lower level provides ample storage and is well-suited for classroom or training room use. The property also includes a substantial lighted parking lot, a landscaped green area, and a convenient drive-through teller port, enhancing both customer and employee convenience. The 1.48-acre lot provides ample space and opportunities. The asking price for the main level is $18,000,000. This property presents a rare opportunity to secure a prime commercial space in a thriving New Hampshire city.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1966
    Construction STEEL FRAME
    Total area 10,740 SF
    Lot 1.78 ac (77,537 SF)
    Zoning code CU
    APN CNCD M:583Z B:30
    UPID US58-0394351
    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
    • Santander Bank ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $480k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $762k
    Blend (final) Blend
    $620k
    Owner & transaction history
    Cafua Realty Trust Cxxxix LLC · 5 yrs held
    Cafua Realty Trust Cxxxix LLC
    since 2020
    1 recorded transaction
    2020
    $1.1M
    Zoning & alternative use
    CU · Concord, NH
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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