Property profile

40 Thorndike St Concord, NH 03301

OFF-MARKET
Showrooms
Property ID
US58-0220307
19,878 SF 1.37 ac lot Built 1902
Individually Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1200+ square foot creative office space, located in the Concord Community Arts Center at 40 Thorndike St, Concord NH 03301, is perfect for a variety of businesses. The unit boasts high (16ft) ceilings, large windows providing abundant natural light, and a spacious open layout ideal for collaborative work environments. Utilities and Wi-Fi are included, minimizing operational costs. The space features a large corner unit configuration, offering excellent visibility and natural light. Shared amenities include common waiting areas on each floor, a community kitchen, and a large function/event room, fostering a vibrant and collaborative atmosphere. The building, renovated in 2018, is conveniently located blocks from downtown Concord and offers ample parking (50+ spaces). This Class B office building is a single-tenant space within a thriving arts community, currently home to a diverse range of businesses including ballet, photography, music studios, and more. The landlord is open to creative lease terms. This is a unique opportunity to establish your business in a dynamic and inspiring environment. The building offers many possibilities for various business types.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1902
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,878 SF
Lot 1.37 ac (59,677 SF)
Zoning code RD
APN CNCD M:7441Z B:12
UPID US58-0220307

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center
  • Gym & Fitness Center
  • Theater & Performing Art Venue
  • Photography Service (Bike/Boat/Book/etc) Store
  • Training Center

Location

40 Thorndike St Concord, NH 03301-3633
Concord metro Census 32200 CONCORD, NH MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.59M
Blend (final) Blend
$1.50M

Owner & transaction history

since 2014
1 recorded transaction
2014
$212,600

Zoning & alternative use

RD · Concord, NH
Zoning description

The Downtown Residential (RD) District is established to incorporate the fully developed neighborhoods of mixed residential uses surrounding the downtowns of Concord and Penacook at densities not exceeding fourteen (14)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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