598 DANIEL WEBSTER HIGHWAY Merrimack, NH 03054 | Commercial Sale | Development, Land, Multi-Family, Office, Retail, Vacant Land
$210,000 ![]()
Closed
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850 sqft.
Listing Courtesy of
Keller Williams Gateway Realty
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.
Property Details
List Price
$225,000
Sold Price
$210,000
List Date
2020-04-24
Sold Date
2023-06-07
MLS ID
4802637
Status
Closed
Property Type
Commercial Sale
Business Type
Development, Land, Multi-Family, Office, Retail, Vacant Land
County
NH-Hillsborough
Days on Market
1097
structure
Total Baths
0
building area total
850.0
building area units
Square Feet
living area
850.0
living area source
Measured
living area units
Square Feet
Parking Features
Driveway, Off-Site
characteristics
current use
Church, Convenience Store, Free Standing Building, Office Building, Retail Condo, Retail Strip, Storefront
Acres
0
lot size area
0.6
Lot SqFt
26136.0
tax
tax annual amount
5160.0
tax year
2019
zoning
C1 - Commercial
contract
foreclosure y n
No
compensation
Buyer Agency Comp.
2.5
Buyer Agency Comp. Type
%
Non-Rep Comp.
0
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/19/2024 12:58:19 AM (UTC)
