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85-89 South State Street, Concord, NH 03301

$1,065,000
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Active
BEDS6 BATHS6 full SQUARE FEET8,765 MLS#5091099
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Listing Courtesy of: Downtown Realty
Agency Phone: 603-554-2309
Associate Name: Matthew Lefebvre
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Property Description

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.

85-89 South State Street | MLS# 5091099

This multi-family property located at 85-89 South State Street, Concord, NH 03301 is currently listed for sale with an asking price of $1,065,000. Search Concord real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Unfinished
Cooling: Central AC, None
Heating: Natural Gas
Home Style: Apartment Building, Multi-Family
Lot Size: 0.24 Acres
Roof Type: Asphalt Shingle
Stories: 2.5
Taxes: $23,078
Year Built: 1920

Units

Unit 1:
Bathroom(s): 1
Bedrooms: 1
Rent: $1590.00
Unit 2:
Bathroom(s): 1
Bedrooms: 1
Rent: $1585.00
Unit 3:
Bathroom(s): 1
Bedrooms: 1
Rent: $1150.00
Unit 4:
Bathroom(s): 1
Bedrooms: 1
Rent: $1665.00
Unit 5:
Bathroom(s): 1
Bedrooms: 1
Rent: $1375.00
Unit 6:
Bathroom(s): 1
Bedrooms: 1
Rent: $1300.00

Feature Descriptions

Construction: Vinyl Siding
Construction Status: Existing
Days on Site: 7
Driveway: Paved
Driveway: Paved
Electric: 200+ Amp Service
Exterior: Vinyl Siding
Flood Zone: Unknown
Foundation: Block, Brick, Concrete
Foundation: Block, Brick, Concrete
Lot: City Lot, Level, Sidewalks, In Town, Near Shopping, Neighborhood
Roads: Paved, Public Maintained Road
Sewer: Public
Sq. Ft. Total Finished: 8765
Total Stories: 2.5
Units: 7
Water: Public
Water View: No
Zoning: CU

Listed By / Shown By

Listed By

Agency Name: Downtown Realty
Agent Name: Matthew Lefebvre
Agency Phone: 603-554-2309

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Estimated Payment

$ 4,604.02 per month $2,370.23 Principal & Interest $1,923.17 Property Tax $310.63 Homeowner's Insurance

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