10 Twin Bridge RdMerrimack, NH 03054

Property Details for 10 Twin Bridge Rd

Year built

1930

Construction

FRAME

Property size (Sq ft)

2,219 SF

Zone code

RESIDE

Property type

Office properties

Property subtype

Other office properties

APN

MRMK M:05D-3 L:000115 S:00001A

APU

MRMKM05D3L000115S00001A

Description

This exceptional investment opportunity presents three contiguous commercial condos totaling 5,392 square feet, situated on a 1.48-acre lot at 10 Twin Bridge Road, Unit 1ABC, Merrimack, NH. Ideally located just off Route 3, this property offers high visibility and convenient access. The three units, legally distinct, must be purchased together, presenting a unique chance for business use, investment, or a blend of both. Each unit boasts its own distinct layout and features. Unit 1A, a spacious 2,219 square feet located on the upper level, includes numerous private offices, two restrooms, a kitchen area, and utility areas. It's available for immediate occupancy. Unit 1B, also 2,219 square feet, is situated on the middle level with direct ground-floor access to the parking area and is currently leased to a long-term tenant. This unit features an open concept design, two private bathrooms, and a kitchen area. Finally, Unit 1C, a 954 square foot space on the first level, offers direct ground-level access, open areas, private offices, a private bathroom, and a kitchen area. It is currently leased to a tenant on a shorter-term lease. The property boasts ample parking and street signage. Low condo fees further enhance the value proposition. The asking price for all three condos is $599,950. This presents a compelling opportunity to acquire a multi-unit commercial property with immediate income potential and significant upside.

• CAP approach

  CAP return

  Valuation

  6%

  $366,867

  6.5%

  $338,646

  7%

  $314,457

• Comparable approach

  Method

  Valuation

  Relative Method

  $289,935

  Geo Method

  $289,935

• Alternative Use

  Use

  Valuation

  Residential

  $419,922

  Hospitality

  $384,646

  Educational

  $320,021

  Medical

  $331,027

  Retail

  $497,810

Location Insight

City

Merrimack

County

Hillsborough

State

New Hampshire

Latitude

42.8706

Longitude

-71.4895

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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