March 8, 2024 – William Peck of Horvath & Tremblay has arranged the sale of a 10-unit mixed-use property in Concord, New Hampshire. Peck exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,475,000.
The mixed-use property is located at 204, 204.5, 206, and 208 N Main Street in Concord, New Hampshire. The Property consists of four adjacent parcels of land and three two-story buildings with ten (10) total units comprised of two (2) commercial units, five (5) 2-Bedroom/1-Bathroom units, two (2), 1-Bedroom/1-Bathroom units, and one (1), 1+ Bedroom/1-Bathroom unit with 10,295 square feet of gross living area, in 15,706 square feet of total gross area on 0.5-acres of land. 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 square foot commercial unit. The Property is located along N Main Street, US Route 3, in the heart of Downtown Concord. The Property enjoys outstanding visibility and frontage along one of the area’s primary commercial and commuter corridors, and provides convenient access to shopping, restaurants, government buildings, schools, numerous parks and recreation areas, and area highways. Additionally, the Property is located along the municipal bus line and is 300 feet from a bus stop offering service throughout Concord.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.