Concord, NH 03301,204-208 N Main ST
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Concord, NH 03301,204-208 N Main ST
Concord, NH 03301,204-208 N Main ST
Concord, NH 03301,204-208 N Main ST
Concord, NH 03301,204-208 N Main ST
Listed by William Peck • Horvath & Tremblay LLC
Bought with William Peck • Horvath & Tremblay LLC

$1,475,000

Est. payment /mo

$1,550,000

4.8%
Est.Price: ?

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204-208 N Main ST Concord, NH 03301

10,295 SqFt

SOLD DATE : 03/08/2024

Key Details

Sold Price $1,475,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 10,295 sqft

Price per Sqft $143

MLS Listing ID 4979289

Sold Date 03/08/24

Construction Status Existing

Year Built 1930

Lot Size 0.500 Acres

Acres 0.5

Property Description

The Property consists of four adjacent parcels of land and three two-story buildings with ten total units comprised of two commercial units, five 2-Bedroom units, two 1-Bedroom units, and one 1+ Bedroom unit. The Property features ample off-street parking and offers a stable income stream with significant upside in the existing residential rents, and through the lease up of the vacant 1,800 sq ft commercial unit. 204 N Main Street contains five units comprised of one commercial tenant (Gaslighter), three 2-Bedroom units, and one 1-Bedroom unit. 204.5 N Main Street contains two units comprised of one 2-Bedroom unit and one 1-Bedroom unit. 206 N Main Street is a 0.06-acre lot that has recently been converted into an attractive patio and green space for the commercial and residential tenants. 208 N Main Street contains three total units comprised of one commercial tenant (vacant), one 2-Bedroom unit, and one 1+ Bedroom unit. In total, Eight of the ten units are separately metered for electric, heat, and hot water, which the tenants pay directly. The landlord is responsible for heat and hot water in two units (204.5 1 & 2), common area electric, and domestic water and sewer. Over the past year, the Property has undergone significant capital improvements and renovations. On average more than 11,700 vehicles pass by the Property each day along N Main Street (US Route 3). Additionally, the municipal bus line has a stop approximately 300 feet from the Property.

Location

State NH

County Nh-merrimack

Area Nh-Merrimack

Zoning CU

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Heating Electric, Gas - Natural

Cooling None

Exterior

Garage Description Off Street

Utilities Available None

Roof Type Shingle - Asphalt

Building

Story 2

Foundation Brick

Sewer Public

Construction Status Existing

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PrimeMLS

Gail Beardmore

License Partner/Broker | License ID: 081.0004359

+1(802) 236-5431

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