0 Cross Mill Road

Special Purpose for Sale
Catylist Listing ID: 30639711
Property Subtypes: Senior Housing
Building Size (RSF): 9,576 SF
Gross Building Area: See Agent
Gross Land Area: 53.57 Acres
Sale Price: $3,950,000
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2020

Overview / Comments

Rare opportunity for developers and investors. This 53.57 acre property includes all approvals, infrastructure and six nearly completed units. The parcel is approved for a seventy-unit, 55+ age condominium development, having 35 proposed duplex units in a picturesque setting that abuts the Winnipesaukee River Trail and is just minutes from I-93, Exit 20, in the beautiful and ever popular Lakes Region of New Hampshire. Water systems, roads, sidewalks, public sewer, electricity and natural gas lines are all in place. Phase one with 16 units is ready to market. In fact, $1.5 million in inventory is nearly ready to be sold. Another $750,000. is about 40% complete, all to facilitate a very quick start for sales and return on investment.

Additional Details

Nearest MSA: Laconia
County: Belknap
Tax ID/APN: R-4/0/2-1
Zoning: R-1
Highway Access: Minutes from Interstate 93, Exit 20

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,843 12,551 16,873
Median Age: 45.57 40.42 41.12
Households: 1,128 4,923 6,712

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