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Property profile & analytics
FOR LEASE
Automotive properties

310 N State St Concord, NH 03301

1,856 SF 0.94 ac lot Built 1970
Entity Owned Absentee Owner Free & Clear
Property ID
US58-0318874
Property summary
AI-generated overview

This Concord, NH commercial property presents a unique investment opportunity. Located on busy Route 3 (North State Street) with a daily traffic count of 16,000, this 1,856 square foot building sits on a 0.94-acre lot. The one-level structure is situated on a slab, has been cleaned out, and is ready for tenant improvements. The property features city utilities, natural gas, climate control, and ample paved parking. The building boasts 310 feet of road frontage and a lighted sign. Currently zoned industrial, the property is offered for lease at $3,000 per month NNN. The owner also owns adjacent properties totaling 2.06 acres, including a vacant lot and a property with existing tenants. The owner is open to creative proposals for the highest and best use of these combined properties, excluding car sales, storage sheds, dog grooming, and daycare centers. Many uses may require a variance. The property's high visibility and location midway between downtown Concord and Penacook offer significant development potential. The city encourages innovative proposals.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1970
Construction FRAME
Total area 1,856 SF
Lot 0.94 ac (40,946 SF)
Zoning code IN
APN CNCD M:494Z B:28
UPID US58-0318874
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
DAVID J & JENNIFER ALBERT T
DAVID J & JENNIFER ALBERT T
Zoning & alternative use
IN · Concord, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Industrial (IN) District is established for the development of manufacturing, research and development facilities, wholesaling, warehousing, distribution, and offices, wherein full municipal utility services are available as is access to the City's collector and arterial streets, and adequate screening is provided for adjacent neighborhoods. Access may a…

Zone name Industrial District
General category INDUSTRIAL
Zone area 1,688.77 ac
Source Realmo
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