For Sale
$1,245,000

200 State StConcord, NH 03301

Prime Concord location, 10% Cap Rate, high traffic.

Overview

Added:
Feb 3
Days on market:
64
This exceptional Concord, NH investment opportunity boasts a prime location on North State Street, offering significant potential for strong returns. The property features a substantial 1.29-acre lot with 315 feet of frontage on a high-traffic thoroughfare, experiencing over 17,000 vehicles daily. The site includes ample parking with 41+ on-site spaces supplemented by 9+ street parking spots. Conveniently situated just minutes from I-93 and downtown Concord, this property enjoys excellent accessibility. The property includes a 33x46 garage with a loading dock, adding to its versatility. Utilities include natural gas, public water, and sewer. The property is well-maintained and landscaped. Currently, all three units are fully leased, generating an annual revenue of $165,000 and a 10% capitalization rate. This presents a rare chance to acquire a well-established, income-producing asset in a thriving New Hampshire market. The property's size, location, and current occupancy make it an attractive investment for discerning buyers seeking a high-yield opportunity. This is a turnkey operation ready for immediate income generation.

Property Details for 200 State St

Property type
Year Built
1920
Lot Size (sq. ft)
56,192 SF

Location Insight

City
Concord
County
Merrimack
State
New Hampshire
Latitude
43.22126
Longitude
-71.55093
200 State St, Concord, New Hampshire

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200 State St
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