27 Acres of Performance Zone Land in Bedford, NH

Vacant Land for Sale
Catylist Listing ID: 30389645
Property Subtypes: Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 27.28 Acres
Sale Price: $5,200,000
Unit Price: $190,615 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

Developers and Users take note - This is an excellent opportunity to purchase a large parcel of land abutting the F.E. Everett Turnpike (I-293), with frontage along South River Road just north of Exit 13 leading to and from the Manchester Boston Regional Airport. The property is located in Bedford's Performance Zone (PZ) which allows for flexibility when developing the property into many different uses.

This property benefits from improvements to the land including a municipal water line stubbed to the property, access to a municipal sewer main located on the adjacent property with an easement in place to attach to sewer at this location. Natural gas is located on the east side of South River Road and can be sleeved from under the road.

A curb cut and drive entrance has been created along South River Road by the owner and an open box culvert has been installed under the entrance drive for the Sebbins Brook crossing.

This would be an excellent location for an Auto Dealership, Hospital, Destination Retailer, Distribution Facility and/or a High Density Mixed Use Development including Apartments, Retail, Hotel and Gas and many other potential mix-uses.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Taxing Authority: Bedford
Tax ID/APN: Map 35/98/5 & Map 35/98/40
Property Located Between: Bedford and Merrimack
Largest Nearby Street: F.E. Everett Turnpike (I-293)
Traffic/Vehicle Count: 46,000
Highway Access: Excellent highway access north and south from I-293, at the last exit prior to the Bedford toll booth. Also, direct access from South River Road (D.W. Highway)
Airports: Manchester Boston Regional Airport
Site Description: The total gross land area is approximately 27.28 acres consisting of two (2) lots, approximately 21.30 acres and 5.98 acres that can be purchased together or separately. Both parcels are wooded, sloping up from South River Road and are level along I-293 F.E Everett Turnpike. Lot 98-40 has frontage along South River Road and both have frontage along I-293.
Lot Frontage: 545
Zoning Description: Performance Zone (PZ)
Development Name: Circle Drive
Topography: Gently Sloping
Easements: Electric Lines, Utilities
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,766 29,858 117,756
Median Age: 37.06 40.49 37.96
Households: 1,521 11,481 44,212


Photograph of Listing Agent

Mike Harrington, CRE, CCIM

Harrington & Company NECPE Member
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