Great Development Site on Littleton, NH's Retail Corridor

Vacant Land for Sale
Catylist Listing ID: 30753193
Property Subtypes: Residential (Single Family), Retail
Gross Land Area: 131 Acres
Sale Price: $2,000,000
Unit Price: $15,267 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/30/2021

Overview / Comments

This is one of the few remaining development sites on what is known as "The Meadow" or Littleton, NH's successful retail corridor. This site is comprised of 131 +/-acres with 13.9 acres in the commercial C-1 Zone with the balance in the R (Residential) Zone. The general area includes many major national and regional brand names such as Walmart, Staples, TJ Maxx, Convenient MD, Home Depot and Lowe's which is directly across the street from this site. The parcel has the advantage of two curb cuts off of NH's Route 302. The front portion of the lot is level while the rear portion is slopping with some areas plateauing. This is a great opportunity for a creative developer(s). The owner will consider selling the differently zoned parcels separately subject to subdivision approval.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $17,618 (Annual)

Additional Details

Nearest MSA: Lebanon
County: Grafton
Tax ID/APN: 90-3-0
Zoning: C-1 AND R
Property Located Between: On busy Route 302.
Property Visibility: Excellent
Largest Nearby Street: Meadow Street
Feet of Frontage: 1,420
Highway Access: This property is sited on NH's Route 302 and within minutes to US Route 93 and within 30 minutes of US Route 91.
Airports: Manchester Airport is within 2 hours with local, regional airports within 30 minutes
Site Description: This site is 131+/- acres with 13.9 +/- AC in the front portion zoned C-1 and the remaining acreage zoned R. Formerly the site of a mobile home park it has electricity and water on site. The commercial acreage is flat and easily developed while the residentially zoned portion is sloping.
Area Description: Littleton's "The Meadow" is the popular retail corridor of Northern NH. Major regional and national brands are located along Meadow Street. This parcel is located directly across the street from Lowe's. The general area is a healthy mix of tourists and full time residents. All major services and activites are located in Littleton which is positioned with three exits off of US Route 93. The general area provides all four season recreational activities to tourists and local residents alike.
Lot Frontage: 1420.43
Zoning Description: See Zoning By Laws attachment
Topography: Other
Available Utilities: Electric, Water, Sewer
Water Service: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,025 7,523
Median Age: 45.21 43.5
Households: 1,455 3,332

Contact

Photograph of Listing Agent

Mary M. Doherty

Peabody & Smith Realty Inc.
NECPE Member
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