Prime Development Parcel

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30444381
Property Subtypes: Office, Retail, Retail-Pad, Other
Status: Pending/Contingent
Gross Land Area: 9.56 Acres
Sale Price: $2,500,000
Unit Price: $261,506 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2020

Overview / Comments

Located in prestigious Rye on Route 1 (Lafayette Road) which is the main connection from Portsmouth and points south to North Hampton, Hampton and Seabrook providing for phenomenal traffic counts. This site is prime for development of elderly housing, commercial uses or office uses, medical office use, with an affluent resident base in all of the coastal towns. With all of the nearly quadrupling of the seacoast population during the summer months for this area this becomes a superior location for nearly any use. Traffic counts show approximately 16,000 VPD.
• DISCLOSURE : Subject property is located next to an EPA designated
superfund site. Please Google Coakley Landfill.
• https://cumulis.epa.gov/supercpad/SiteProfiles/
index.cfm?fuseaction=second.cleanup&id=0101107

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Rye
Tax ID/APN: 000188
Zoning: COMMERCIAL
Property Located Between: Evolve and Office
Property Visibility: Excellent
Legal Description: 5079 -0262
Largest Nearby Street: Washington Road
Feet of Frontage: 1,117
Traffic/Vehicle Count: 16,000
Highway Access: Route 1
Airports: Pease - Newington : Hampton Airfield
Site Description: Large level developable site with gravel soils that are prime for development. Long frontage with great visibility.
Area Description: Located in the small strip of Rye Retail on Route 1, surrounded by Commercial and Industrial uses up and down Route 1 North and South.
Lot Frontage: 1117.71
Lot Depth: varied
Zoning Description: Commercial
Topography: Level
Easements Description: • DISCLOSURE : Subject property is located next to an EPA designated superfund site. Please Google Coakley Landfill. • https://cumulis.epa.gov/supercpad/SiteProfiles/ index.cfm?fuseaction=second.cleanup&id=0101107
Soil Type: Gravel
Available Utilities: Water, Cable, Broadband
Water Service: Municipal
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,800 46,338
Median Age: 44.21 45.1
Households: 5,478 20,241
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