200 State StConcord, NH 03301

Property Details for 200 State St

Year built

1920

Construction

FRAME

Lot size

1.29 AC

Property size (Sq ft)

9,599 SF

Zone code

UT

Property type

Office buildings

APN

CNCD M:582Z B:21

APU

CNCDM582ZB21

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,587,001

  6.5%

  $1,464,924

  7%

  $1,360,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,254,205

  Geo Method

  $1,254,205

• Alternative Use

  Use

  Valuation

  Residential

  $1,816,506

  Hospitality

  $1,663,910

  Educational

  $1,384,354

  Medical

  $1,431,964

  Retail

  $2,153,439

Location Insight

City

Concord

County

Merrimack

State

New Hampshire

Latitude

43.2211

Longitude

-71.5507

CBSA code

18180

CBSA name

CONCORD, NH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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