Re-development Apartment Complex Opportunity in Antrim

42 Main St Antrim, NH 03440

42 Main St, Antrim, NH, 03440
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FOR SALE FOR LEASE
Property Type:
Multifamily Land
Amount:
$950,000
Last Verified:
Nov 22, 2024

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Description

Explore the potential of Antrim, a charming town in the heart of New Hampshire. This project features two buildings, each on a separate lot of record and an additional parcel for parking across the street. Strategically positioned to take advantage of the area’s vibrant downtown and its proximity to local destinations and services, it has a high walk score providing a convenient setting for both potential and existing residents. It is located on the main commuting corridor.
The first building, which faces Main Street, currently accommodates commercial tenants and includes one residential apartment. The unoccupied portion of the building offers significant renovation potential. The adjacent second building, located on High Street, separated by a small stream, presents a great opportunity for re-development into residential apartments and other various uses. The third lot, situated across the street, offers flexible options for use, including a potential parking lot. With Antrim's blend of small-town charm and modern conveniences, this location presents a compelling option for developers looking to add in-need housing to NH housing inventory in a welcoming environment.

Explore the potential of Antrim, a charming town in the heart of New Hampshire. Strategically positioned to take advantage of the area’s vibrant downtown and its proximity to local destinations and services, it has a high walk score providing a convenient setting for both potential and existing residents. It is located on the main commuting corridor.

Discover the allure of Antrim, a picturesque town nestled in the heart of New Hampshire. The area's rich history, charming downtown, and serene natural surroundings make it an appealing spot for multifamily/mid-rise investment. Enjoy the nearby Gregg Lake for recreational pursuits, and the nearby hiking trails and conservation areas offer endless opportunities for outdoor enthusiasts. Antrim's vibrant community and proximity to local dining, shopping, and cultural attractions create a sought-after lifestyle for future tenants. With its blend of small-town charm and modern conveniences, the location presents a unique opportunity for investors seeking to expand their portfolio in a thriving, idyllic setting.

Building Size: 35789sq ft
Lot Size: 2.06 acres


Documents

KW • Brochure (L)

Units for Lease

Unit 5 (Cafe)
Space Available: 2300 SF
Lease Type: Gross

Price Per Sqft/Year: $2500.00

Map of 42 Main St, Antrim, NH, 03440

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.