Development Opportunity in Downtown Concord

32-34 S Main St, Concord, NH 03301

$1,600,000

0.74 AC | Land

Land For Sale

Price:
$1,600,000
Lot Size:
0.74 AC
Property Type:
Land
Property Sub-type:
Commercial/Other (land)
Zoning Description:
CU Urban Commercial
Listing ID
19440983
Last Updated
4 days ago

Find Out More...

1 Lot Available

Lot 1

  • $1,600,000
  • 0.74 AC
  • $2,162,162.13
  • Commercial/Other (land)

Highlights

  • Traffic Count 13,000 CPD

Description

REDEVELOPMENT OPPORTUNITY This property consists of a 0.74+/- acre lot featuring a 22,780+/- SF office building constructed in 1927/1958 and a 75 space parking lot. The site is comprised of 2 lots of record. The City desires to sell the property for redevelopment. It would be the City' s preference to have the existing building demolished and replaced with a new mixed use building featuring ground floor retail, restaurant, and service uses with market rate housing on the upper floors. The property is in the heart of the City' s downtown central business district within walking distance to the State House, Capitol Center for the Arts, Red River Theatres, a 516 space public parking garage, a grocery store, and dozens of restaurants and niche retail shops. The property is also located with a Tax Increment Finance ( TIF ) District and New Markets Tax Credit eligible Census Tract. The City is prepared to re-zone to CBP - Central Business Performance to facilitate redevelopment of the property into its highest and best use.

Note: The property is being offered as raw land for redevelopment as it is the City's desire to have the property achieve its highest and best use. The existing building does not achieve the highest and best use for the property.

Commercial property information by LoopNet

Map of 32-34 S Main St, Concord, NH 03301 (Merrimack County)

Contact Listing Broker to find out more details.

Presented by

NAI Norwood Group

Request additional information

Contact Listing Broker
Judy Niles-Simmons (603) 668-7000
Chris Norwood (603) 668-7000 Ext: 212

Judy's Other Listings

1 Perimeter Road
4 Kenniston Way
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