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Re-development Apartment Complex Opportunity in Antrim

$945,000

42 Main St, Antrim, NH 03440

Active
Last Updated: 04/08/2025

7.75

Cap Rate

73,251

NOI

Details:
Cap Rate:    7.75%
NOI:    $73,251
Building Size:    35,789 sqft
Lot Area:    2.0568 acres
Units:    36
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.

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.

This project encompasses two buildings situated on three different lots nearby. The first building, 42 Main st, which faces Main Street, currently accommodates commercial tenants and offers potential for renovation. The lot is 2.067 acres. The second building, High st, located adjacent to the first and separated by a small stream, requires complete redevelopment. The lot is .49 acres. The third lot, .39 acres, positioned across the street, presents opportunities for conversion into a parking facility for new residents or various other uses.

Municipal water supply connection

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KW___Brochure__L_.pdf
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KW • Brochure (L) - Space for Lease
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