Development Parcel in Gateway Performance Zone - Concord

Vacant Land for Sale
Catylist Listing ID: 30198650
Property Subtypes: Office, Retail, Other
Gross Land Area: 0.60 Acres
Sale Price: $120,000
Unit Price: $200,000 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/5/2021

Overview / Comments

This property is located on busy Sheep Davis Rd (Rt 106) directly across from a shopping center that includes Michael's, Target, Best Buy, 99 Restaurant and Ocean State Job Lot. The .6 acre lot has 125 feet of frontage and is appropriate for small restaurant, office or retail building. Within sight of the center of densely developed retail in Concord, this is an excellent opportunity in a destination location of the city.

Financials

Finance Data Year 2021
Assessed Value - Total($) $156,000 (Annual)
Real Estate Taxes - Annual($) $4,333 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 9566
Zoning: GWP-GATEWAY PERFORMANCE
Property Located Between: D'mante Drive and Triangle Park Drive with access to Rt 4 and I 393
Property Visibility: Excellent
Largest Nearby Street: Loudon Road
Feet of Frontage: 125
Highway Access: Property is a short distance to the intersection of Rt 106, I 393 and Rt 4 to the north and Rt 3 to the south.
Airports: Concord, Manchester, Boston
Site Description: The lot is a rectangular shaped level parcel that is approximately 125' by 200'. Municipal water and sewer are available at the street. It is located in the Gateway Performance District that allows light commercial uses such as retail, daycare, office, restaurant or banks.
Area Description: This area is viewed as the gateway to Concord from the east and from the north lakes region. It has become the center of national retail development and continues to grow. Retail, restaurant, service and office uses are predominate and it is in close proximity to Concord's industrial parks and residential areas.
Lot Frontage: 125
Lot Depth: 200 +/-
Zoning Description: Gateway Performance District is a zone of light commercial uses that encourages well designed large scale commercial development along arterial streets that serve as entrances to the city.
Topography: Level
Easements: Other
Easements Description: Mapped city streets and possible right of ways
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,532 25,223 42,730
Median Age: 38.94 40.27 40.32
Households: 1,692 10,988 17,315

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