Property summary
This exceptional investment opportunity presents a single-tenancy traditional office condominium located at 3 Twelfth Street, Unit 4, Berlin, NH 03570. Priced at $175,000, this property boasts a highly desirable location in close proximity to key area institutions including Androscoggin Valley Hospital, Coos County Family Health, NH State Prison, FCI Berlin, and the Berlin Industrial Park. Built in 1988, the building features clapboard exterior and vinyl siding, sitting on a slab-concrete foundation with an asphalt shingle roof. The unit is equipped with forced-air heating fueled by LP gas, central air conditioning, and metered public water and sewer. Electricity is provided via a circuit breaker system, and high-speed internet access is available. The property is currently leased to Adapthealth New England LLC, offering immediate income potential for investors. The zoning is BG, and ample parking is available, providing excellent visibility and accessibility for businesses. Utilities include LP gas, and services are provided by Irving and Eversource. This is a rare opportunity to acquire a well-located, income-producing office condominium in a thriving New Hampshire community.
Property profile
VerifiedCap rate & NOI
Current use
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Medical School
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Physician
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Crisis Center Medical Clinic
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Physician Medical Clinic
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Counselor Medical School
Location
Value estimations
Owner & transaction history
Zoning & alternative use
RESIDENTIAL GENERAL ZONE (RG) Sec. 17-81. Purpose The Residential General (RG) zone is designed to provide for high-density multi-family residential uses. Permitted non-residential uses are those that are associated with…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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 2013Property description
Physical attributes from public recordsZoning & alternative use
RG · Berlin, NHRESIDENTIAL GENERAL ZONE (RG) Sec. 17-81. Purpose The Residential General (RG) zone is designed to provide for high-density multi-family residential uses. Permitted non-residential uses are those that are associated with…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
RESIDENTIAL GENERAL ZONE (RG) Sec. 17-81. Purpose The Residential General (RG) zone is designed to provide for high-density multi-family residential uses. Permitted non-residential uses are those that are associated with…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RG in Berlin, NH.
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