711 Weirs Boulevard Lot 1 and Lot 2

Vacant Land for Sale
Catylist Listing ID: 30454074
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Vacation/Resort
Gross Land Area: 2 - 6 Acres
Sale Price: $360,000 - 720,000
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/5/2019

Overview / Comments

This 28.5+- acre parcel may be the last large remaining parcel of it’s kind with beautiful scenic views of the lake and surrounding mountains. The parcel has been surveyed, with public sewer run to the top of the property. Electricity has been paid for by the seller to the top of the property and poles for power lines have been run up the hill. The power to the top of the hill was calculated for 10 homes with a transformer to accommodate those needs. Additional power can be provided from any location going up the hill for additional homes or buildings on the property. Extensive engineering work has been done on this property for Phase 1 of a 2 Phase project, with 75 condo units shown in Phase 1 of this project. This was provided to the Laconia Planning Board in October 2007 and was 80% approved when the developer decided to withdraw the project, due to the economic conditions at that time. All of the engineering information will go with this property and little time would be needed to represent this project to the Laconia Planning Board, as they recently approved a 300 unit condo project not far from this location. This parcel is zoned Commercial/Resort and it allows for multiple possibilities and is considered the most desirable zone for hotel, motel, timeshare, recreational facility or any type of retail use.
These are just some of the available options.
Offerings include: 2 acre individual parcels that will support 12 units—$360,000
6 acre parcels that would support 36 units—$720,000

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $1,874 (Annual)

Additional Details

Nearest MSA: Laconia
County: Belknap
Tax ID/APN: 210/248/04
Zoning: COMMERCIAL
Property Located Between: Laconia and Meredith
Property Visibility: Excellent
Feet of Frontage: 115
Traffic/Vehicle Count: 9,500
Highway Access: Located on US Route 3. 15 miles from I-93.
Airports: Manchester, Laconia
Site Description: 2+ acre lots available that will support 12 unit development at a price of $360,000. Also available as 6 acre parcels that would support 36 units at a price of $720,000.
Area Description: The hub of tourism and recreational activity in New Hampshire's Lakes Region. Overlooking Paugus Bay on Lake Winnipesaukee with hundreds or residential homes and condominiums plus much retail activity surrounding the property.
Lot Frontage: 1152
Zoning Description: See attached brochure
Topography: Undulating
Available Utilities: Water, Sewer, Cable, Other
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 890 10,695 23,435
Median Age: 49.12 47.04 45.93
Households: 418 4,539 10,047
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