Multifamily Redevelopment Opportunity
Retail-Commercial
for Sale
Also listed as Multi-Family
| Catylist Listing ID: |
30842777 |
| Property Subtypes: |
Free-Standing Building, Mixed Use
|
| Building Size (RSF): |
15,102 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$3,150,000 |
| Unit Price: |
$208.58 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/22/2023 |
Overview / Comments
|
Excellent redevelopment opportunity for apartments with 148’± of frontage on Elm Street and located right next to SNHU Arena. Central Business District and Arena Overlay District allows multifamily by right. Seller has conceptual plans for up to 92 units on 4 levels over ground level commercial. Site is positioned in a Qualified Opportunity Zone and may be eligible for 79-E deferred property taxes. Some on-site parking available with ample street parking nearby as well as Center of NH parking garage. Easy access to I-293, Exit 5.
|
Additional Details
| Nearest MSA: |
Manchester-Nashua |
| County: |
Hillsborough |
| Tax ID/APN: |
144-3 |
| Zoning: |
CBD/ARENA OVERLAY |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Elm Street |
| Feet of Frontage: |
148 |
| Traffic/Vehicle Count: |
11,918 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Heat Type: |
Natural Gas |
| Lot Frontage: |
148 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
34,548 |
107,068 |
145,335 |
| Median Age: |
32.62 |
36.99 |
37.55 |
| Households: |
14,298 |
43,816 |
58,108 |
|
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