166 S River Rd Bedford, NH 03110
For Lease
1 / 5
This exceptional Class B office building, Bedford Crossing, located at 166 S River Rd, Bedford, NH 03110, offers a variety of executive office suites for lease. The 24,693 square foot building, constructed in 1980 and renovated in 2015, features one building with two stories and is situated in a Performance Zone. Available spaces range from a compact 235 square feet (Suite 110B on the first floor) to larger contiguous spaces up to 7,389 square feet (combining Suites 205 and 220 on the second floor). Suite 205 offers 2,000 to 4,389 square feet, while Suite 220 provides 3,000 square feet. These larger suites include a mix of open space, private offices, conference rooms, and kitchenettes. Suite 240, also on the second floor, comprises 1,515 square feet with open space, an office, and a kitchenette. Shared restrooms are conveniently located on each floor, with a shared kitchen available on the first floor. The property boasts ample on-site parking for tenants and guests. The building enjoys a high-image professional management and benefits from abundant natural light. Its strategic location provides easy access to Manchester-Boston Regional Airport and downtown Bedford (approximately 7 minutes away), and a lighted intersection at Meetinghouse Road ensures convenient access. Currently, 9,139 square feet of space is vacant. The minimum divisible space is 235 square feet.
PZ) Zoning Districts. Garden Style Multifamily buildings shall be permitted in the Performance Zone (PZ), Apartment Residential (AR) and Service Industrial (SI) Zone, subject to the following provisions: (a) Development criteria. [1] At least 10% of the units in the development meet the affordability requirements for workforce housing in § 275-6 of this chap…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PZ · Bedford, NHPZ) Zoning Districts. Garden Style Multifamily buildings shall be permitted in the Performance Zone (PZ), Apartment Residential (AR) and Service Industrial (SI) Zone, subject to the following provisions: (a) Development criteria. [1] At least 10% of the units in the development meet the affordability requirements for workforce housing in § 275-6 of this chapter. [2] Retain the development criteria and affordability standards herein for a minimum period of 30 years through a suitable deed restriction, easement or other instrument deemed acceptable to the Bedford Planning Board and as monitored through annual reports for workforce rental housing units and prior to the time of unit sale or resale for workforce ownership units provided to the Bedford Planning Department. [3] Occupancy in the development is not restricted to any age group. [4] The development provides more than 50% of the units in the development with two or more bedrooms. [5] Workforce housing units shall be similar in exterior appearance and otherwise visually indistinguishable from market-rate units and dispersed throughout the development. [6] Workforce housing units must be constructed in proportional relationship to market-rate units in the development, and all workforce housing units must be completed and made available for sale or rental before the final 10% of the market-rate units are approved for occupancy. [7] Townhouse and garden style multifamily buildings are subject to architectural design review by the Planning Board. (b) Dimensional regulations. [1] In the AR, Performance Zone (PZ) and Service Industrial (SI) Zones: [a] Minimum lot area shall be one acre; [b] Minimum lot frontage shall be 100 feet on a Class II, IV, or V roadway; [c] Minimum setbacks shall be 35 feet at the front yard and 25 feet at the side and rear yards; [d] The building height shall be compatible with the character of the surrounding neighborhood and shall not exceed 48 feet in the Apartment Residential (AR) and Service Industrial (SI) Zones and 60 feet in the Performance Zone (PZ). [e] Minimum green space shall be 30% of the total site acreage. [2] The dimensional standards listed in Subsection B(4)(b)[1] above shall apply to workforce housing in the GR Zone except for the following: Maximum building height shall be 35 feet. (c) Density. [1] In the AR, PZ and SI Zones, a maximum of 12 dwelling units per acre of net developable area shall be permitted.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
