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Development Opportunity – S Main St, Concord, NH

$ 1,295,000
111/113/113R So Main St, 4-6 Sexton, ,
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The location and access to I 93 and central downtown make this offering prime for redevelopment. The property is made up of 4 lots totaling 0.67 acres on So Main St and Sexton Ave, just off Exit 13 of I 93 and the intersection of S Main and Storrs St. In addition to the 4 lots, there are adjacent parcels owned by the City of Concord and the State of NH that could possibly be available for sale to add 1.07 acres to the project.

There are four residential/commercial buildings on the site. A music school, located at 113 S Main St has a lease that expires in fall of 2022. 111 S Main St has 2 residential tenants and one retail tenant, 113 R S Main St is a duplex occupied entirely by one family, and 4-6 Sexton is a 3 unit with the 2 of the 3 units occupied. All of these tenants are tenants at will.

The property abuts Dunkin Donuts and D’Angelo’s. McDonald’s, Goodyear Tire, Aubuchon Hardware, Amish Homestead, and Ledyard Bank are across the street. In addition to the commercial and retail development in the area, there is a dense residential population within walking distance to the location.

Address: 111/113/113R So Main St, 4-6 Sexton
City:
Area:
State/County:
Zip: 03301
Country: United States
Property Id : 7401
Price: $ 1,295,000
Property Size: 12,509 sq ft2
Property Lot Size: 0.67 acres
Use.: Retail/Commercial/MultiFamily
Year Built: 1900
Parking: Street and On Site
Fuel: Natural Gas
Water & Sewer: Municipal Water & Sewer
Zoning: CU-Urban Commercial
Tax: $32,466
Signage : Available
Land Size: 0.67 acres
Assessment: $1,168,700
Income: $115,341
Expenses: $60,106

Property Disclaimer

The information contained herein is from sources deemed reliable, but is not guaranteed by Premiere Properties, Inc. (PPI). PPI assumes no responsibility for matters legal in character, nor does it render an opinion as to the title, which is assumed to be good.  All data is subject to change of price, omissions, error, or other conditions or withdrawals without notice.  PPI is the acting Seller’s/Lessor’s agent in the marketing of this property.

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