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Listed by William Peck of Horvath & Tremblay LLC

Listing Sold by Horvath & Tremblay LLC
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.

More Info

Basic Information

  • StatusSLD
  • List Price$1,550,000
  • Date Price Change12/04/2023
  • MLS Number4979289
  • MLS StatusClosed
  • Sale Date03/08/2024

Property

  • Acreage0.5
  • GarageNo
  • Parking Spaces
  • Lot DescriptionLevel
  • Lot84
  • Square Feet10,295
  • APX Fin AG Sqft10,295
  • Road Frontage126
  • AreaNH-Merrimack

Location

  • TownConcord
  • StateNH
  • Zip03301
  • CountyMerrimack
  • ZoningCU
  • Address204-208 N Main Street
  • Flood Zone Y/NNo

Exterior

  • RoofShingle - Asphalt

Amenities

  • PricePerSqFt143.27

Other

  • Seasonal Y/NNo
  • Operating Expenses68582
  • Date Listed12/04/2023
  • View Count4

Building

  • Year Built1930
  • Building ConstructionWood Frame, Aluminum Siding, Vinyl Siding
  • Units10
  • # of 1 Bedrooms3
  • # of 2 Bedrooms5
  • BasementUnfinished
  • FoundationBrick

Utilities

  • Heat SystemNatural Gas, Electric, Gas Heater
  • ElectricOther
  • SewerPublic
  • UtilitiesNone

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 9, 2024 8:38 AM EST

 

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