PAD Site or Build to Suit Opportunity

Vacant Land for Lease
Catylist Listing ID: 30552468
Property Subtypes: Retail, Retail-Pad, Other
Gross Land Area: 1.79 Acres
Lease Rate: $50,000 (Annual)
$0.64 PSF (Annual)
Base Monthly Rent: $4,166
Lease Types: NNN
Last Updated: 3/16/2020

Overview / Comments

Blackwater Square is a PAD site available for a ground lease or for a build to suit opportunity located at the lighted intersection of Route 108 and Blackwater Road, offering high visibility and traffic counts. Current proposed plans include a proposed 3,500+/- bank with drive-thru as well as a 4,800+/- SF retail pad. Additional developable acres available. Serviced by municipal water and sewer this location offers several opportunities. The site abuts Cumberland Farms with neighboring businesses including Tri-City Subaru, Key Auto Center of Somersworth, Tri-City Chrysler, Seacoast Pain Institute, The Works Health Center, and Somersworth Storage and has direct access to Route 108 and is less than 2 miles from Exit 9 off the Spaulding Turnpike and the heavily retailed area of Weeks Crossing and Central Avenue, Dover.
As a way to incentivize its economic development goals, Somersworth participates in the state Economic Revitalization Zone program. This site is located in an ERZ, so, business may qualify for tax credits that would offset Business Profits Tax and Business Enterprise Tax.

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Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 61 10 0
Zoning: CI
Property Located Between: Route 108 and Blackwater Road
Property Visibility: Excellent
Largest Nearby Street: Route 108
Feet of Frontage: 600
Traffic/Vehicle Count: 19,499
Highway Access: Less than 2 miles from exit 9, Spaulding Turnpike600
Site Description: Flat and level clear lot.
Area Description: The property is located directly on Route 108 in Somersworth and is minutes away from the Spaulding Turnpike. It is located in a neighborhood of retail and office development with many restaurants nearby. Because of its prominent location this property has been reported to see about 19,499 cars pass-by in a day (15,214 on Rt 108 and 4,285 on Blackwater Road) and has a population of approximately 57,000 residents in a 5 mile area.
Lot Frontage: 600
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,451 28,577 65,699
Median Age: 42.84 38.34 37.97
Households: 1,058 11,577 26,877

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