310 State StConcord, NH 03301

Property Details for 310 State St

Year built

1970

Construction

FRAME

Lot size

0.94 AC

Property size (Sq ft)

1,856 SF

Zone code

IN

Property type

Automotive properties

APN

CNCD M:494Z B:28

APU

CNCDM494ZB28

Description

This Concord, NH commercial property presents a unique investment opportunity. Located on busy Route 3 (North State Street) with a daily traffic count of 16,000, this 1,856 square foot building sits on a 0.94-acre lot. The one-level structure is situated on a slab, has been cleaned out, and is ready for tenant improvements. The property features city utilities, natural gas, climate control, and ample paved parking. The building boasts 310 feet of road frontage and a lighted sign. Currently zoned industrial, the property is offered for lease at $3,000 per month NNN. The owner also owns adjacent properties totaling 2.06 acres, including a vacant lot and a property with existing tenants. The owner is open to creative proposals for the highest and best use of these combined properties, excluding car sales, storage sheds, dog grooming, and daycare centers. Many uses may require a variance. The property's high visibility and location midway between downtown Concord and Penacook offer significant development potential. The city encourages innovative proposals.

• CAP approach

  CAP return

  Valuation

  6%

  $451,073

  6.5%

  $416,375

  7%

  $386,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $611,112

  Geo Method

  $611,112

• Alternative Use

  Use

  Valuation

  Residential

  $351,228

  Hospitality

  $321,723

  Educational

  $267,670

  Medical

  $276,875

  Retail

  $416,375

Location Insight

City

Concord

County

Merrimack

State

New Hampshire

Latitude

43.2311

Longitude

-71.5592

CBSA code

18180

CBSA name

CONCORD, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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