TD Banknorth 50 Glass St
16,728 SF Retail Building Suncook, NH 03275 $699,000 ($42/SF)

EXECUTIVE SUMMARY
50 Glass consists of a basement (6,215 SF), 1st floor (6,215 SF) and 2nd floor space (4,298 SF) for a total of 16,728 SF. It has Zoning Board Approvals to redevelop the building into 12 multifamily units with the option to enclose the former teller drive through lanes to add an additional 1,950 SF. The building is rock solid, complete with a brick exterior, and an oversized steel/concrete pedestal between the basement and first floor. The building was originally built in the 1950's and the basement was rated as a fallout shelter. As-complete, this property should gross over $20,000/month in rents and is right in the heart of an increasingly active downtown complete with neighborhood amenities. Huge l.479 acre lot has 64 parking spaces and potential further development of the parking lot.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
16,728 SF
Building Class
C
Year Built/Renovated
1968/1998
Price
$699,000
Price Per SF
$42
Tenancy
Single
Building Height
2 Stories
Building FAR
0.28
Lot Size
1.36 AC
Zoning
B-2A
Parking
55 Spaces (3.29 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
Parcel Number | PMBR-000000-000000-000137VE | Improvements Assessment | $666,000 |
Land Assessment | $122,500 | Total Assessment | $788,500 |