Properties

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 to a 10 cap and 11 cash-on-cash return, and that is at a lot sales price of $250,000! Financial return based on estimated costs and returns associated with a lot redevelopment to a 6 unit, 6000+/- RSF apartment building. With 1000 units of large apartment developments planned, in progress or newly opened in the area, this smaller development would offer an attractive alternative to those searching in the area, at competitive pricing.

Property Details
Active Under Contract
No
$5, 170
2019
0
C1 - Commercial
Paved, Public
26, 136 Sqft
Yes
$40
207
Yes
Apartment Building
Location
598 Daniel Webster Highway
NH-Hillsborough
Merrimack
NH
03054
NH-Hillsborough
Unknown
From North: Everett Turnpike to exit 13. Follow signs fro Rt 3. Head south on rt 3 for 2.3 miles. Property on the right. From South: Everett Turnpike to exit 12. Turn right on Bedford Rd, then Right on DW Highway. Property is .3 miles on the right across from Tortia Flats.
Exterior
: Paved, On-site, Assigned, Parking Spaces 11 - 20, Off Street
Wood Frame
Concrete, Poured Concrete
Shingle - Architectural
Pre-Construction
0
Deck, Natural Shade, Porch - Covered
Level, Major Road Frontage
Common/Shared, Paved
Interior
: Concrete, Stairs - Exterior, Concrete Floor, Storage - Locked, Exterior Access, Storage - Assigned
Utilities
Public
: Forced air
: Central Ac
Public
200 Amp
Gas - Natural
Cable - Available, High Speed Intrnt -Avail
Listing Info
Bob
James
Keller Williams Gateway Realty

Multi-family

598 Daniel Webster Highway, Merrimack, New Hampshire 03054

10,000 Sqft
$240,000
Keller Williams Gateway Realty
Bob James
MLS # 4802660
Basic Info
Property Type : Multi-family
Listing Type : For Sale
Price : $240, 000
Lot Area : 0.60 Acre
Square Footage : 10, 000 Sqft
Year Built : 2020
MLS # : 4802660
Days On Market : 369
Agent info
Cowan & Zellers
Contact Agent