7 Continental Blvd, Merrimack, NH 03054-4339
- Commercial real estate
- 70,301 SF
- 7.90 lot acres
Current Use by Public Records
- Hana Japanese Cuisine / Restaurant
- Subway / Take-out & Catering / Catering Service
- Shaw's / Grocery & Convenience Store / Food Market
- Peggy Gregory, MD / Dental Office
- Chase ATM / Atm
Property Details for 7 Continental Blvd
- Year built
- 2005
- Construction
- STEEL FRAME
- Lot size
- 7.90 lot acres
- Zone code
- INDUST
- Property type
- Commercial real estate
- APN
- MRMK M:0003D L:000003 S:000001
- APU
- MRMKM0003DL000003S000001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 29, 2023 | $16,600,000 | Merrimack Village LLC | Cp Merrimack LLC | Deed | $11.9M · Digital FCU |
| Oct 2, 2019 | — | Cp Merrimack LLC | — | Grant Deed · related | $12.3M · Harborone Bk |
| Nov 17, 2003 | $4,600,000 | Merrimack Shopping Ctr | Unitrode Corp | Grant Deed | — |
Description
This exceptional Class A retail and restaurant property, Merrimack Village Center, offers a unique investment opportunity in the thriving Hillsborough Submarket of New Hampshire. Located at 7 Continental Blvd, Merrimack, NH 03054, this 82,292 square foot center sits on 7.9 acres of land and boasts three single-story buildings, constructed in 2006. The property features 13 suites, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 6,392 square feet. Currently, 9,192 square feet are available for lease. Strategically positioned at the southwest corner of Continental Blvd and Camp Sargent Road, the center benefits from high visibility and accessibility via Continental Blvd, a major commuter route providing easy access to the Frederick E. Everett Turnpike. The C-2 zoning allows for a variety of uses. Merrimack's strong demographics, being the eighth largest town in New Hampshire and experiencing significant population growth (13.4% in the last decade), make this a highly desirable location for businesses. The center is anchored by Shaw's, ensuring consistent foot traffic. This property presents a compelling opportunity for businesses seeking a prominent location in a rapidly growing market. Contact us today to learn more about the available spaces and lease terms.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $12,090,000
- ML approach
- $7,780,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $14,395,000
- 6.5%
- $13,285,000
- 7%
- $12,340,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,198,000
Market price range: $7.72M - $15.9M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $11,280,000 Current use
- RESTAURANT
- $14,510,000 Change: +29% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $12,435,000 Change: +10% Conversion: Difficult
- RETAIL STORES
- $11,495,000 Change: +2% Conversion: Easy
- OFFICE BUILDING
- $10,435,000 Change: -7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Merrimack
- County
- Hillsborough
- State
- New Hampshire
- Longitude
- -71.4987
- Latitude
- 42.8372
- CBSA code
- 31700
- CBSA name
- MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA
