Investment & Development Opportunity The Gonic Mill
Retail-Commercial
for Sale
Sale Pending
Also listed as Industrial, Office
| Catylist Listing ID: |
30798881 |
| Property Subtypes: |
Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
|
| Status: |
Pending |
| Building Size (RSF): |
179,218 SF
|
| Gross Land Area: |
25.11 Acres
|
| Sale Price: |
$6,250,000 |
| Unit Price: |
$34.87 PSF |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/28/2023 |
Overview / Comments
The Gonic Mill is a historic landmark in Rochester that has been a part of the community since the early 1900's. This multi-unit commercial / industrial building is 95% leased and sits on 5.27± acres. It is being sold as a package with an abutting 19.64± acres suitable for potential development of 20± duplexes and a fully leased duplex on Church Street, that also abuts the Gonic Mill.
|
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Strafford |
| Tax ID/APN: |
0142-0003-0000 |
| Zoning: |
AGRICULTURE |
| Highway Access: |
Follow NH-16 N to NH-125 S. Take exit 12 from NH-16 N. Continue on NH-125 S to Pickering Road. |
| Site Description: |
Raw waterfront land with more than 2,000' of water frontage on the Concheco River. The land has potential to be developed into approximately 10 duplexes or at leas 40 residential units.
|
| Parking Type: |
Surface |
| Zoning Description: |
The Gonic Mill: OFC (General Office); The Land: Agriculture; The Duplex: Residential 1 |
| Lot Frontage: |
400 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,643 |
20,574 |
46,035 |
| Median Age: |
39.44 |
40.48 |
40.26 |
| Households: |
1,392 |
8,510 |
18,487 |
|
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