45 Hanson

Vacant Land for Sale
Catylist Listing ID: 30855469
Property Subtypes: Industrial, Multi-Family, Office, Retail, Other
Gross Land Area: 0.20 Acres
Sale Price: $500,000
Unit Price: $2,500,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 2/15/2024

Overview / Comments

Immaculately remodeled in 2020, this mix-use property boasts a comprehensive renovation that encompassed all aspects of the home, from electrical and plumbing to heating, windows, roofing, siding, and beyond. You'll immediately be drawn to this property's charming curb appeal, accentuated by its bold blue vinyl siding, carefully detailed exterior wrap trim, and new decks. This unique property offers the best of both worlds, with a thriving commercial space on the ground floor and a cozy 2BR apartment above. Inside, you'll find the perfect blend of modern elegance, featuring sleek recessed lighting and exquisite luxury vinyl flooring. Fully separated utilities, featuring efficient mini-splits, including separate w&s utilities, makes it an ideal, easy low-expense investment. This ideal setup allows for a sought-after triple net lease, making it a 'set and forget' investment. Positioned in the heart of downtown Rochester, this lot is expansive and oversized, with the potential to build an additional 7+ residential units outback, whether its for multifamily or condos. The property was a pre-existing multifamily lot and is zoned DTC which does not have a density requirement, giving the property a significant amount of versatility. Thats not all, it is the perfect candidate to reap the incredible benefits of a qualified opportunity fund. Invest in up and coming Rochester, the largest city in the Seacoast by land-mass and population.

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $6,102 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 0120-0383-0000
Zoning: DTC
Property Visibility: Excellent
Site Description: remodeled in 2020; commercial space on the ground floor and a 2BR apartment above; potential to build an additional 7+ residential units outback
Lot Frontage: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,560 25,924 41,565
Median Age: 37.68 40.64 40.75
Households: 3,528 10,769 16,912

Contact

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