For Sale
$1,245,000

200-206 State StConcord, NH 03301

18,000 SF Office Building, 10.33% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
118
This Concord, NH office building presents a compelling investment opportunity. Located on a busy North State Street corridor with over 17,000 vehicles passing daily, this property boasts high visibility and convenient access to I-93 and downtown Concord. The 18,000 square foot, three-story building, constructed in 1920, sits on a 1.29-acre lot with 315 feet of frontage, providing ample space and potential for future development. Currently 100% occupied by three tenants under a net lease, the property generates a substantial net operating income (NOI) of $128,645, resulting in an attractive 10.33% capitalization rate. The building features 41 on-site paved parking spaces, supplemented by approximately nine free on-street parking spaces. Additional amenities include a 33' x 46' garage with two overhead doors and a loading dock, also with two overhead doors, providing excellent storage and loading capabilities. The building is equipped with natural gas, city water and sewer, and 90% central air conditioning. The property is zoned UT. This stabilized investment offers a strong return and significant upside potential in a desirable location.

Highlights

  • High-visibility Concord, NH office building on busy North State Street corridor with over 17,000 VPD.
  • 18,000 SF, three-story building on a 1.29-acre lot with 315' of frontage.
  • 100% occupied, generating $128,645 NOI and a 10.33% cap rate.
  • 41 paved parking spaces plus 9 on-street spaces; 33' x 46' garage with loading dock.
  • UT zoning; natural gas, city water/sewer, 90% central AC.

Property Details for 200-206 State St

Property type
Office properties
Square Feet
18,000 SF
Year Built
1920
Buildings
1
Stories
3
Lot Size (sq. ft)
56,192 SF

Location Insight

City
Concord
County
Merrimack
State
New Hampshire
Latitude
43.2211185
Longitude
-71.550762
200-206 State St, Concord, New Hampshire

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200-206 State St
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