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40 Jericho Rd
Berlin, NH 03570
Office Property For Sale
Investment Highlights
- Fully Approved 19-Unit Redevelopment – All required approvals are in place, allowing a developer to move directly toward construction
- Existing Sprinklered Building – The 12,500 SF steel-frame building is fully sprinklered, reducing renovation costs and accelerating the adaptive reuse
- $325,000 Transferable Grant – Includes a transferable grant to help offset redevelopment costs and enhance project returns.
Executive Summary
40 Jericho Road presents a rare adaptive reuse and multifamily redevelopment opportunity in Berlin, New Hampshire. Situated on approximately 2.0 acres, the property includes an existing 12,500 SF steel-frame, fully sprinklered building that is fully approved for conversion into 19 apartment units, allowing a developer to significantly reduce entitlement risk and accelerate the construction timeline.
The project also benefits from a $325,000 transferable redevelopment grant, providing immediate capital to offset renovation costs and enhance overall project returns. With approvals secured, existing infrastructure in place, and a flexible building well suited for residential conversion, this offering represents an exceptional opportunity to deliver much-needed workforce housing in one of New Hampshire's fastest-growing redevelopment markets.
Property Highlights
Fully Approved – 19-unit multifamily adaptive reuse project with required approvals in place.
$325,000 Transferable Grant – Redevelopment grant conveys with the property to reduce project costs.
Existing Fully Sprinklered Building – ±12,500 SF steel-frame building with existing sprinkler system, minimizing renovation costs and shortening the development schedule.
This is a turnkey redevelopment opportunity for multifamily developers, affordable housing sponsors, and investors seeking an entitled project with substantial upside and a streamlined path to construction.
The project also benefits from a $325,000 transferable redevelopment grant, providing immediate capital to offset renovation costs and enhance overall project returns. With approvals secured, existing infrastructure in place, and a flexible building well suited for residential conversion, this offering represents an exceptional opportunity to deliver much-needed workforce housing in one of New Hampshire's fastest-growing redevelopment markets.
Property Highlights
Fully Approved – 19-unit multifamily adaptive reuse project with required approvals in place.
$325,000 Transferable Grant – Redevelopment grant conveys with the property to reduce project costs.
Existing Fully Sprinklered Building – ±12,500 SF steel-frame building with existing sprinkler system, minimizing renovation costs and shortening the development schedule.
This is a turnkey redevelopment opportunity for multifamily developers, affordable housing sponsors, and investors seeking an entitled project with substantial upside and a streamlined path to construction.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,456 SF
Building Class
C
Year Built
1980
Price
$499,000
Price Per SF
$40.06
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
6,228 SF
Zoning
IB - Industrial Business (IB)permits commercial, industrial, office, warehousing, and flex uses. Multifamily residential is permitting by SE, obtained.
Amenities
- Atrium
- Security System
- Reception
- Monument Signage
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | BELN-000108-000012-L000002 | Improvements Assessment | $453,600 |
| Land Assessment | $0 | Total Assessment | $453,600 |
Property Taxes
Parcel Number
BELN-000108-000012-L000002
Land Assessment
$0
Improvements Assessment
$453,600
Total Assessment
$453,600
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