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One Mill Plaza 1 Mill Plz

18,792 SF 75% Leased Office Building Laconia, NH 03246 $2,700,000 ($144/SF) 6.52% Cap Rate

Executive Summary

Beautifully renovated mill building in excellent condition. 17,000 sq. ft. 100% occupied by 8 tenants; 3000 sq. ft. soon to be available. Central HVAC. Recent high efficiency gas boilers. Central HVAC. Free municipal parking. Cafeteria. Lovely outdoor seating area by the river.
Motivated seller.
$176,000 NOI with 4th floor rented or occupied by owner.

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
18,792 SF
Building Class
B
Year Built
1879
Price
$2,700,000
Price Per SF
$144
Cap Rate
6.52%
NOI
$176,000
Percent Leased
75%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
3,091 SF
Building FAR
1.73
Land Acres
0.25 AC
Zoning
UC

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 1,200 SF
  • Office
  • Full Build-Out
  • Now

Renovated mill building. Ground floor, handicap accessible, outside sitting area, river front with waterfall. Ideal for any professional office. Free municipal parking. 24/7 HVAC. Storage space in the basement. Close to restaurants and downtown Main Street.

  • 2nd Floor
  • 200 SF
  • Office
  • Full Build-Out
  • Now

Nice corner unit with a lot of natural light, exposed brick walls, facing water fall.

  • 2nd Floor
  • 350 SF
  • Office
  • -
  • Now

One room office in attractive building in attractive location.

  • 4th Floor
  • 3,000 SF
  • Office
  • Full Build-Out
  • Now

river front, next to city hall, free municipal parking, cafeteria, additional conference rooms are available, direct elevator access, walking distance to downtown.

Space Size Space Use Condition Available
1st Floor 1,200 SF Office Full Build-Out Now
2nd Floor 200 SF Office Full Build-Out Now
2nd Floor 350 SF Office - Now
4th Floor 3,000 SF Office Full Build-Out Now

1st Floor

Size
1,200 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
200 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor

Size
350 SF
Space Use
Office
Condition
-
Available
Now

4th Floor

Size
3,000 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor

Size 1,200 SF
Space Use Office
Condition Full Build-Out
Available Now

Renovated mill building. Ground floor, handicap accessible, outside sitting area, river front with waterfall. Ideal for any professional office. Free municipal parking. 24/7 HVAC. Storage space in the basement. Close to restaurants and downtown Main Street.

2nd Floor

Size 200 SF
Space Use Office
Condition Full Build-Out
Available Now

Nice corner unit with a lot of natural light, exposed brick walls, facing water fall.

2nd Floor

Size 350 SF
Space Use Office
Condition -
Available Now

One room office in attractive building in attractive location.

4th Floor

Size 3,000 SF
Space Use Office
Condition Full Build-Out
Available Now

river front, next to city hall, free municipal parking, cafeteria, additional conference rooms are available, direct elevator access, walking distance to downtown.

Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
LACO-000432-000161-000036
Land Assessment
$75,500
Improvements Assessment
$927,700
Total Assessment
$1,003,200
  • Listing ID: 30387694

  • Date on Market: 12/16/2023

  • Last Updated:

  • Address: 1 Mill Plz, Laconia, NH 03246

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