High Traffic Development Parcel

Vacant Land for Sale
Catylist Listing ID: 29771340
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad, Other
Gross Land Area: 3.97 Acres
Sale Price: $1,250,000
Unit Price: $314,861 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 11/1/2017

Overview / Comments

Route 108 developable parcel that provides the ability to construct up to nearly 30,000 sf of retail. Please see concept plans attached to listing. Route 108 has become a major commuter road, with traffic counts exceeding 20,000 VPD. The property is surrounded by a Dunkin Donuts, Stratham Tire, Shell gas station & Great Bay Campground and just south soon a new gas station - convenience store on the corner of Rt 85/108 and the Newfields post office and the Bittersweet Kennel. To the north is Ship to Shore restaurant, Seacoast Sports Center, Rockingham Golf course, Rockingham Ballroom and the Newmarket Industrial Park & Storage Facility.
Newfields is the 2nd highest per capita income town in the state. The Dunkin Donuts is at maximum capacity most morning and afternoon periods and is one of their highest performing stores.
Division 6- DOT has indicated that a bank or retail will precipitate a light at the intersection, and there is room for up to about 27,000 sf of retail and 3000 for the bank with 2 drive up lanes. The route 108 improvements for turn lanes are all pretty much complete for signalization.
Public Sewer will be approximately 900 feet to the south, while a community water supply services the subject property.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Newfields
Tax ID/APN: 000202000015000000
Zoning: COMMERCIAL
Market Type: Medium
Property Located Between: Dunkin Donuts and Seacoast Sports Center
Side of Street: West
Road Type: Paved, Highway, Cul-de-sac, Other
Property Visibility: Excellent
Legal Description: see subdivision plan lot 2 and abutting parcel
Largest Nearby Street: Route 108 and Route 85
Feet of Frontage: 1,000
Traffic/Vehicle Count: 20,000
Transportation: Highway, Other
Highway Access: Located on state route 108 (n/s); Route 85 900 feet to the south. Route 101 (E/W) is approx 3 miles south.
Airports: Pease Tradeport 14 miles,
Site Description: Level to very gently sloped site, long frontage on two roads, one state highway and one town road.
Area Description: Commercial area, up and coming. New business and new construction are springing up all around this site. High traffic volume driving extreme success for the Dunkin on opposite corner and the Gas Station across the street. This commuter road is also the short trip for thousands of commuters from both north and south daily. Just to the north is Newmarket NH with nearly 3000 apartments located in that community. Population is greater than 8000 in 2000 census.
Lot Frontage: 1000
Lot Depth: 600
Zoning Description: Commercial, retail and office.
Development Name: Winkler Way
Topography: Level
Easements Description: None
Soil Type: Mixed
Available Utilities: Electric, Water, Cable, Broadband
Water Service: Well

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 17,208 38,634
Median Age: 39.07 42.16
Households: 6,929 15,646

Contact

Photograph of Listing Agent

David M. Garvey

KW Commercial NECPE Member
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