Marketing Package S Main Street Concord NH

Transcription

1 Marketing Package Looking North Towards N Main St S Main Street Concord NH Judy Niles-Simmons judy@nainorwoodgroup.com Chris Norwood cnorwood@nainorwoodgroup.com 116 South River Road Bedford, NH Office: The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

2 Contents Property Information Maps Location Map Tax Map Aerial Map Concord NH Demographics About Concord Downtown Complete Streets Project Conceptual Two Building Concept Plan Concept Details Elevations Main Street Elevation Fayette Street Elevation Environmental Condition Deed Disclaimer

3 Property Information South Main Street, Concord, NH Acreage: Zoning: Building: Water: Sewer: Gas Two Building Concept: Legal Description: 0.74+/-, two lots combined, located in a Tax Increment Finance (TIF) district. CU Urban Commercial but City is prepared to re-zone to CBP- Central Business Performance to facilitate redevelopment of the property into its highest and best use. Three-story, 22,780+/- SF City s preference is to have the building demolished for redevelopment. Municipal Municipal Liberty Utilities Mixed Use Concept Proposed by Seller Building 1 44,000 SF First Floor 8,000 SF commercial space Residential 24/ 2 Bedroom Units; 4/Penthouse Units Building 2-24,000 SF Residential 15/2 Bedroom Units; 6/1 Bedroom Units Total: 49 residential units and 63 parking spaces. Book 3460/ Page 0218 MCRD Price: $1,600, REDEVELOPMENT OPPORTUNITY This property consists of a 0.74+/- acre lot featuring a 22,780+/- SF office building constructed in 1927/1958 and a 75 space parking lot. The site is comprised of 2 lots of record. The City desires to sell the property for redevelopment. It would be the City s preference to have the existing building demolished and replaced with a new mixed use building featuring ground floor retail, restaurant, and service uses with market rate housing on the upper floors. The property is in the heart of the City s downtown central business district within walking distance to the State House, Capitol Center for the Arts, Red River Theatres, a 516 space public parking garage, a grocery store, and dozens of restaurants and niche retail shops. The property is also located with a Tax Increment Finance ( TIF ) District and New Markets Tax Credit eligible Census Tract.

4 Location Map SITE Driving distance to selected cities: Manchester, NH 18 miles Boston, MA 68 miles Portland, ME 110 miles New York City, NY 273 miles Montreal, Quebec 245 miles

5 Tax Map 0.61+/- Acres 0.13+/- Acres

6 Aerial Map

7 Demographics DEMOGRAPHICS Total Population County , ,761 ANNUAL INCOME, 2013 (Inflation Adjusted Dollars) Per capita income $30,131 Median family income $72,879 Median household income $53,567 HOUSING Total Housing Units 18,859 Single-Family, Detached or Attached 9,188 Units in Multiple-Family Structures: Two to Four Units in Structure 3,094 Five or More Units in Structure 5,677 Mobile Homes and Other Housing Units 900 LARGEST BUSINESSES PRODUCT/SERVICE EMPLOYEES ESTABLISHED State of New Hampshire Government 5, Concord Hospital Health care services 3, Steeplegate Mall Retail stores 1, Genesis Healthcare Retirement Community Sanel Auto Parts Auto parts distributor Lincoln Financial Insurance services Market Basket Supermarket City of Concord Government Concord School District Education TRANSPORTATION Road Access US Routes 3, 4, 202 State Routes 3A, 9, 13, 106, 132 Nearest Interstate, Exit I-93, Exits 12-17; I-393; I-89, Exits 2-3 Distance Local access Railroad Guilford Rail Service/Pan Am Public Transportation Concord Area Transit Nearest Public Use Airport, General Aviation Concord Municipal Runway 6,005 ft. asphalt Lighted? Yes Navigational Aids? Yes Nearest Airport with Scheduled Service Manchester-Boston Regional Distance 24 miles Number of Passenger Airlines Serving Airport 4

8 About Concord Why revitalize Main Street? Concord, NH is one of the best small cities to live in in the United States, and the Concord Main Street Project will make it even better. The project, which is currently under construction, will transform Downtown Concord into an even more desirable place to work, shop, dine and live. Concord s new Main Street will enhance opportunities for cultural events, social gatherings and doing business. Due to the city's central location and high-quality support services, Concord has been consistently noted as one of the most desirable communities in New Hampshire in which to live and work. Its cultural and educational resources are among the best in the region. Also, its proximity to the Merrimack River and typical New England rural areas complements the high-quality service of its commercial areas and comfortable nature of its residential neighborhoods. Loudon Road Exit The State Capital Building Capital Club Red River Theatres O Steaks & Seafood Concord Food Co-op 516 Space Public Parking Garage SITE Capitol Center for the Arts Smile Building

9 Downtown Project North Main Street Rendering North Main Street Project Schedule Phase 2a: March 23, 2015 to June 24, 2015 Construction taking place on East side of North Main St. Phase 2b: June 29, 2015 to Mid-November 2015 Construction to take place on West side of North Main St. (North Main complete by end of 2015)

10 Downtown Project South Main Street Rendering SITE South Main Street Project Schedule Phase 3a: March/April 2016 to Mid summer 2016 Construction on east side of South Main St. Phase 3b: Mid summer 2016 to November 2016 Construction on west side of South Main St.

11 Concept Plan

12 Concept Details BUILDING 1 Gross Area Commercial (1st Floor) Residential 2-Bedroom (1,150 SF) Penthouse (1,500 SF) Parking (2ND Floor) BUILDING 2 Gross Area Residential 2-Bedroom (1,150 SF) 1-Bedroom (750 SF) Parking (1ST Floor) PROJECT TOTAL Gross Area Commercial Residential Penthouse (1,500 SF) 2-Bedroom (1,150 SF) 1-Bedroom (750 SF) Parking 44,000+/- SF 8,000+/- SF 24 Units 4 Units 8 Spaces 24,000+/- SF 15 Units 6 Units 23 Spaces 68,000+/- SF 8,000+/- SF 4 Units 39 Units 6 Units 63 Spaces (includes 3 accessible & 6 on street)

13 Main Street Elevation

14 Fayette St Elevation

15 Environmental Environmental Condition During August 2014, the Seller conducted a Phase I / II Environmental Site Assessment of the premises, as well as Hazardous Building Materials Survey. A summary of the findings associated with those efforts is as follows: Soil samples were tested for Total Petroleum Hydrocarbons (TPHs), Volatile Organic Compounds (VOCs), Polynuclear Aromatic Hydrocarbons (PAHs), as well as certain heavy metals. No contaminants were identified above the NH Department of Environmental Services Soil Remediation Standards (SRS). Five (5) groundwater monitoring wells were installed at the property. Groundwater was tested for Volatile Organic Compounds (VOCs), Polynuclear Aromatic Hydrocarbons (PAHs), Polychlorinated Biphenyls (PCBs), as well as certain heavy metals. Certain VOCs were identified in groundwater at the premises above NH Department of Environmental Services Ambient Groundwater Quality Standards (AGQS). However, the Seller s environmental consultant has suggested that VOCs might be related to an off-site source. A Hazardous Building Materials Survey was undertaken for the building at the premises. The survey determined the building contains lead paint, asbestos, as well as materials which may require removal prior to renovation or demolition. Copies of the Phase I/II Environmental Site Assessment, as well as the Hazardous Building Materials report, are available upon request.

16 Deed

17 Deed

18 Deed

19 Deed

20 Deed

21 Disclaimer DISCLAIMER THIS OFFERING IS SUBJECT TO THE FOLLOWING ASSUMPTIONS AND LIMITING CONDITIONS NAI Norwood Group assumes no responsibility for matter legal in character, nor do we render any option as to the title which is assumed to be good. We believe the information furnished to us by the owners and others is reliable, but we assume no responsibility for its accuracy. Buyers should not rely on this information, and Buyers should make their own investigation of any and all aspects.