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Listing Details

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School Ratings & Info

Description

Just .3 miles from exit 12 of the Everett Turnpike, this level 26,136+/- SF lot features 2 curb cuts, onsite water, sewer and natural gas. This location offers walking distance access to dining, grocery shopping, pharmacy and other retail. Zoning allows for a mix of retail and residential uses, but a proforma highest and best use analysis shows that redevelopment into a new-construction, multi-unit residential property offers the highest return, close a 10 cap and 11 cash-on-cash return, and that is at a lot sales price of $250,000! Next best would be a 5 unit specialty retail development at between a 7 - 8 cap rate.

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© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-09-24T11:06:12.433.
www.thehammondteam.com/homes/105371992
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598 Daniel Webster Highway Merrimack, NH 03054

  • Price: $240,000
  • Status: Active
  • Updated: 34 min ago
  • MLS #: 4802637
0
Beds
0
Baths
0
½ Baths
0.6
Acres
850
SQFT
$282
$/SQFT
Neighborhood:
Merrimack
County:
Hillsborough
Area:
Merrimack
Property Description
Just .3 miles from exit 12 of the Everett Turnpike, this level 26,136+/- SF lot features 2 curb cuts, onsite water, sewer and natural gas. This location offers walking distance access to dining, grocery shopping, pharmacy and other retail. Zoning allows for a mix of retail and residential uses, but a proforma highest and best use analysis shows that redevelopment into a new-construction, multi-unit residential property offers the highest return, close a 10 cap and 11 cash-on-cash return, and that is at a lot sales price of $250,000! Next best would be a 5 unit specialty retail development at between a 7 - 8 cap rate.
Exterior Features

Lot Description LevelMajor Road Frontage Parking DrivewayOff-Site Road Frontage Yes Road Frontage Length 207

Interior Features

Sq Ft Total Building 850 Sq Ft Total Source Measured

Property Features

Natural Gas Available Yes Pre Construction No Sale Includes Land/BuildingOutbuilding Sewer Public Sub Property Type DevelopmentLandMulti-FamilyOfficeRetailVacant Land Sub Property Type Use ChurchConvenience StoreFree Standing BuildingOffice BuildingRetail CondoRetail StripStorefront Submarket Nashua Tax Gross Amount 5160 Tax Rate 24.13 Tax Year 2019 Taxes Tbd No Utilities Cable - AvailableGas - On-SiteOther Water Public Zoning C1 - Commercial

Courtesy of Bob James of Keller Williams Gateway Realty.


© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-09-24T11:06:12.433.
 
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