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603-643-3942
5 Old Nugget Alley
Hanover, NH 03755

$1,065,000

MLS# 5091099
8765 sq.ft. Bedroom | 0 Bathroom
Multi Family
85-89 South State Street Concord NH 		 
$1,065,000 | $122 per sq.ft. | MLS# 5091099 A 7  Unit Multi Family Home, 85-89 South State Street Concord NH With 6 - One Bedroom Units

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.

Annual Expenses
Taxes: $23,078 		    Income
UNIT 1 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Rent : 1590.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Rent : 1585.00 Monthly
Lease Term : Annual
Signed Lease : Yes
UNIT 3 INFORMATION

Beds: 1
Baths: 1
Rent : 1150.00 Monthly
Status : Leased
UNIT 4 INFORMATION

Beds: 1
Baths: 1
Rent : 1665.00 Monthly
Status : Leased
UNIT 5 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Rent : 1375.00 Monthly
Signed Lease : Yes
UNIT 6 INFORMATION

Beds: 1
Baths: 1
Rent : 1300.00 Monthly
Signed Lease : Yes
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Vinyl Siding | Price Per SQ.FT. 121.51 | Year Built: 1920
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot | Level | Sidewalks | In Town | Near Shopping | Neighborhood
Livable Space: 8765
Above Grade Sq.Ft.: 6725
Below Grade Sq.Ft.: 2040
Heating: Natural Gas
Cooling: Central AC | None
Electric: 200+ Amp Service
Style: Apartment Building | Multi-Family
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Lot size: 0.24 acres
Zoned: CU
Surveyed: Unk
Flood Zone: Unknown
Seasonal: No
Driveway: Paved
ADDITIONAL INFORMATION
Taxes $23,078  | Assesed Value $0 in
SCHOOLS
  • 25370814
  • 25370813
  • 25370812
  • 25370822
  • 25370815
  • 25370816
  • 25370817
  • 25370819
  • 25370820
  • 25370821
  • 25370823
  • 25370824
  • 25370825
  • 25370890
  • 25370818
  • 25370891
  • 25370892
  • 25370893
  • 25370894
  • 25370895
  • 25370896
  • 25370897
  • 25370898
  • 25370899
  • 25370900
  • 25370902
15 Buck Rd. Hanover, NH 03755 603-643-3942

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