82 & 84 S Main 82 S Main St 8,589 SF Retail Building Concord, NH 03301 $399,000 ($46.45/SF)

INVESTMENT HIGHLIGHTS

  • Development opportunity below market price
  • Just off of I-93, Exit 13
  • Urban Commercial Zoning - allows for many uses
  • Vibrant Retail Trade Area
  • Offering Ground with Purchase Option - on NHDES close-out
  • Grandfathered Setbacks

EXECUTIVE SUMMARY

SVN The Masiello Group is pleased to offer an 8,250 sq ft building with associated paved parking on 0.21 acres in the heart of Concord’s thriving downtown commercial district. This is a rare opportunity to acquire a prime urban location with high visibility and easy access just off I-93 exit 13. It is offered at a below market rate to allow for renovations or development. Located at the southern gateway to Main Street’s vibrant mix of retail, restaurant, and downtown residences, the existing two-story 6,000sf open-space building is connected to a 2,580sf building with offices and storage in addition to a bonus 3,000sf unfinished third floor. Concord’s economic development team enthusiastically supports revitalization of this site of the historic Abbot Downing factory, where the iconic Concord Coaches were made, and home since 1933 of the beloved family-owned Concord Cleaners dry cleaning business. Legacy environmental issues were addressed by the current owners and the urban commercial zoning allows for a wide range of uses including retail, restaurant, high density residential, lodging, office, and convenient drive thru. The property is currently under the final stages of hazmat remediation in full cooperation with NHDES. The Seller wishes to retain ownership of the property and the process until the NHDES Certificate of Completion is received and is offering to lease the property for $2,500/mo pending NHDES closure letter. Buyer would then have the option to purchase the property.

PROPERTY FACTS

Sale Type
Owner User
Sale Conditions
Lease Option
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,589 SF
Building Class
C
Year Built
1850
Price
$399,000
Price Per SF
$46.45
Tenancy
Single
Building Height
2 Stories
Slab To Slab
9’
Building FAR
1.31
Lot Size
0.15 AC
Zoning
CU - Urban Commercial
Parking
20 Spaces (2.33 Spaces per 1,000 SF Leased)
Frontage
94’ on S Main St

AMENITIES

  • Pylon Sign
Walk Score®
Walker's Paradise (91)

NEARBY MAJOR RETAILERS

Citizens Bank
D'angelo Grilled Sandwiches
Eastern Bank
Bank of America
NBT Bank
Margaritas Mexican Restaurant
110 Grill
Orangetheory Fitness
Starbucks
DeMoulas Market Basket

PROPERTY TAXES

  • Listing ID: 25578625

  • Date on Market: 4/28/2022

  • Last Updated:

  • Address: 82 S Main St, Concord, NH 03301