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Investment Highlights

  • Excellent high-visibility street presence in one of Concord’s most active commercial corridors
  • Potential residential conversion/value-add opportunity for the commercial building
  • Flexible commercial layout suitable for fitness, retail, professional office, medical/wellness, non-profit, or other uses

Executive Summary

Presenting a rare opportunity to acquire two abutting parcels in the heart of Concord's downtown business district — offered together for a compelling combination of income-producing residential units and a high-visibility commercial building. Located at 85 South State Street, the standalone commercial building is prominently positioned with excellent street presence and offers tremendous flexibility for fitness centers, retail, professional offices, medical/wellness, or non-profit uses; the main level (±2,640 SF) features an expansive open showroom with tall storefront windows, multiple private offices, storage areas, a kitchen, and ADA-compliant bathrooms, while the fully finished basement (±2,040 SF) adds meeting space, storage, and a bathroom with its own separate entrance — all serviced by natural gas heating and high-efficiency mini splits for year-round comfort — and with residential conversion potential, the building also presents an exciting value-add angle for the right buyer. The abutting 87-89 South State Street rounds out the offering with a six-unit multifamily building comprised of all one-bedroom/one bathroom units on municipal water and sewer with natural gas forced hot water heat, delivering immediate cash flow to offset carrying costs. Whether you're an investor seeking a mixed-use portfolio addition, an owner-user looking to occupy the commercial space while the residential units work for you, or a developer with a broader vision, this assemblage — steps from the State House, courthouses, and Concord's most active commercial corridor — is not one to overlook.

Taxes & Operating Expenses (Actual - 2025)

Annual
Taxes $23,078
Operating Expenses -
Total Expenses $23,078

Taxes & Operating Expenses (Actual - 2025)

Taxes
Annual $23,078
Operating Expenses
Annual -
Total Expenses
Annual $23,078

Property Facts

Price $1,065,000
Price / SF $121.33 / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 8,778 SF
Total Land Area 0.24 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
87-89 S State St, Concord, NH 03301 Multifamily 6,138 SF 1920 -
85 S State St, Concord, NH 03301 Retail 2,640 SF 1959 -
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  • Listing ID: 40668999

  • Date on Market: 5/26/2026

  • Last Updated:

  • Address: Two abutting parcels in downtown Concord, Concord, NH

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