170 Riv Rd Bedford, NH 03110-6941
This exceptional Class A office building, located at 170 S River Rd, Bedford, NH 03110, offers 2,650 square feet of immediately available space in a prestigious setting. Situated on a 1.89-acre lot in Hillsborough County, this two-story, 8,143 square foot building boasts a desirable South River Road address, adjacent to The Manchester Country Club. Built in 1985, the property features a classic Williamsburg brick design, providing a sophisticated and professional image. The space is highly adaptable, suitable for various uses, including medical offices or corporate headquarters. Units range from a minimum of 1,320 square feet to a maximum contiguous space of 2,650 square feet, offering flexibility for businesses of different sizes. The property includes extensive parking to accommodate employees and clients. Its convenient location offers easy access to nearby retail, restaurants, and major roadways, making it attractive to employees from surrounding communities. The building is well-maintained and professionally managed, ensuring a seamless and efficient work environment. The zoning is Performance, and the APN is 22-56. This is a rare opportunity to secure prime office space in the heart of Bedford's commercial district. Don't miss this chance to establish your business in this highly sought-after location.
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
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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.
