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.

Address
Merrimack
NH
03054
NH-Hillsborough
598
Daniel Webster
Highway
Features
: Paved , On-site , Assigned , Parking Spaces 11 - 20 , Off Street
: Level , Major Road Frontage
: Apartment Building
Additional Info
10/17/2021 18:51:07

Multi-family

598 Daniel Webster Highway, Merrimack, New Hampshire, NH 03054

  • Square Footage: 10,000 Sqft
Basic Details
Office Name : Keller Williams Gateway Realty
Agent Name : Bob James
Ref ID : 4802660
Property Type :
Listing Type : For Sale
Rooms : 0
Square Footage : 10,000 Sqft
Year Built : 2020
Lot Area : 0.60 Acre
Listing Status : Active
Agent info
RE/MAX Innovative Properties
Contact Agent

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