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Property profile & analytics
OFF-MARKET
Specialty properties

85 State St Concord, NH 03301-4334

5,633 SF 0.41 ac lot Built 1880
Individually Owned 14-yr Hold
Property ID
US58-0240194
Property summary
AI-generated overview

This exceptional 4,940 square foot standalone building, situated in Concord, New Hampshire's vibrant downtown, presents a unique investment opportunity. Built in 1959, this two-story structure offers a flexible layout ideal for a variety of uses. Currently configured for fitness use, the first floor boasts open space, a dedicated office area, a kitchen, two bathrooms, and a shower. The lower level comprises two expansive open rooms and an additional office or storage space. The property sits on a 0.11-acre lot and includes three parking spaces. The building is zoned UT and is conveniently located near a wealth of downtown amenities, including diverse dining options, cultural attractions, and entertainment venues. Its strategic location provides easy access to Interstate 93, ensuring excellent accessibility for both employees and customers. The minimum divisible space is 2,040 square feet, with a maximum contiguous space of 4,940 square feet, making it suitable for a single tenant or multiple occupants. Property taxes are $1.58 per square foot. The building does not have an elevator. This versatile property offers significant potential for a variety of businesses seeking a prominent location in a thriving New Hampshire city. The building's adaptable layout and prime location make it an attractive option for both sale and lease. This is a rare opportunity to acquire a well-situated commercial property in the heart of Concord.

Property profile
Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1880
Construction FRAME
Total area 5,633 SF
Lot 0.41 ac (17,860 SF)
Zoning code CVP
APN CNCD M:6441Z B:59
UPID US58-0240194
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
Current use
Occupant on record · Public records
  • No-BS Health & Fitness Gym & Fitness Center
  • Mrs. Roclyn Porter Marriage Or Relationship Counselor
  • NAMI New Hampshire Charitable Organization Social Service Agency
  • Anne Pike Physician Medical Clinic
  • Erling Jorgensen Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Nami Nh · 14 yrs held
Nami Nh
since 2012
2 recorded transactions
2012
$405,000
2008
Price N/A
Zoning & alternative use
CVP · Concord, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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