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Listed by Jennifer Jutras • NOBO Real Estate • [email protected]
$ 489,900
Est. payment /mo
Active
234 N Main ST Concord, NH 03301
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5055774
Year Built 1950
Annual Tax Amount $10,965
Tax Year 2024
Lot Size 7,840 Sqft
Acres 0.18
Property Description
Assumable loan with a 3% interest rate! Loan is for $375,000, 3% interest only payments, balance due Nov 2028. Interest payment is only $937.50 per month, for an additional 39 months. Landlord only pays the taxes. No other expenses are incurred - 16% ROI. Here's your opportunity to own a 2 unit commercial building fully rented - on the left side, Papa John's has a long term lease and takes care of all maintenance. Right hand side is a nail salon on a month to month lease. Tenant has been in the business for 20 years and is looking to stay - sign a lease or put your own business in! 6% cap rate with both tenants. Roof is only 6 years old, ACs are 5 yrs and 10 yrs and are the responsibility of the tenants. Building was painted and repaved less than 2 years ago. Solid building, and a solid investment.
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning CU
Interior
Inclusions Land/Building
Exterior
Utilities Available Underground Gas, Telephone at Site
Roof Type Flat
Building
Sewer Public
