40 Jericho Rd 12,456 SF 100% Leased Office Building Berlin, NH 03570 $702,832 CAD ($56.43 CAD/SF)

40 Jericho Road presents a rare adaptive reuse and multifamily redevelopment opportunity in Berlin, New Hampshire. Situated on approximately 2.0 acres, the property includes an existing 12,500 SF steel-frame, fully sprinklered building that is fully approved for conversion into 19 apartment units, allowing a developer to significantly reduce entitlement risk and accelerate the construction timeline.
The project also benefits from a $325,000 transferable redevelopment grant, providing immediate capital to offset renovation costs and enhance overall project returns. With approvals secured, existing infrastructure in place, and a flexible building well suited for residential conversion, this offering represents an exceptional opportunity to deliver much-needed workforce housing in one of New Hampshire's fastest-growing redevelopment markets.
Property Highlights
Fully Approved – 19-unit multifamily adaptive reuse project with required approvals in place.
$325,000 Transferable Grant – Redevelopment grant conveys with the property to reduce project costs.
Existing Fully Sprinklered Building – ±12,500 SF steel-frame building with existing sprinkler system, minimizing renovation costs and shortening the development schedule.
This is a turnkey redevelopment opportunity for multifamily developers, affordable housing sponsors, and investors seeking an entitled project with substantial upside and a streamlined path to construction.