We are pleased to offer an 8, 250 sq ft building with associated paved parking on 0. 21 acres in the heart of Concord’s thriving downtown commercial district. This is a rare opportunity to acquire a prime urban location with high visibility and easy access just off I-93 exit 13. It is offered at a below market rate to allow for renovations or development. Located at the southern gateway to Main Street’s vibrant mix of retail, restaurant, and downtown residences, the existing two-story 6, 000sf open-space building is connected to a 2, 580sf building with offices and storage in addition to a bonus 3, 000sf unfinished third floor. Concord’s economic development team enthusiastically supports revitalization of this site of the historic Abbot-Downing factory, where the iconic Concord Coaches were made, and home since 1933 of the beloved family-owned Concord Cleaners dry cleaning business. Legacy environmental issues were addressed by the current owners and the urban commercial zoning allows for a wide range of uses including retail, restaurant, high density residential, lodging, office, and convenient drive thru. The property is currently under the final stages of hazmat remediation in full cooperation with NHDES. The Seller wishes to retain ownership of the property and the process until the NHDES Certificate of Completion is received. Buyer would then have the option to purchase the property.
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William Raveis Real Estate
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | $709 | $709 | $709 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,178 | $2,122 | $2,737 |
Total Monthly Payment | $2,962 | $2,906 | $3,521 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.