HUGE PRICE REDUCTION OF LARGE DEVELOPMENT PARCEL!

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30500627
Property Subtypes: Multi-Family, Other
Gross Land Area: 16.76 Acres
Sale Price: $1,600,000
Unit Price: $95,465 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

This large parcel of land is located minutes to new shopping center on Loudon Road and Steeplegate Mall.

A new City water line was recently installed down Old Loudon Road and new intersection was created when the new 22,841 Square Foot strip mall was built named Carrier Place.

There is a vacant former 5-unit building that currently exists on the property.

Many uses allowed - IDEAL FOR 55 and over Community / Senior Living Community.

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 611/Z 32///
Zoning: RM - MEDIUM DENSITY RESIDENTIAL DISTRICT
Property Located Between: Immedicately off of Loudon Road
Property Visibility: Good
Feet of Frontage: 580
Highway Access: Minutes to Loudon Road, Routes 9, 202 and 106 and Interstate 93, 393 and 89.
Site Description: Large level parcel of land. Approximately 13.4 buildable acres. Many uses allowed but not limited to single family, duplex or two family, cluster development, planned unit development, IDEAL for multifamily units for the elderly including congregate dwelling units, elementary and secondary schools, adult day care, child care and churches/places of worship, privately owned recreational facilities, equestrian centers, veterinary hospitals by special exception and many more. Conceptual plans were created in 2003 showing 168 units for a Senior Living Community. Wetland mapping was done in 2003 with boundary survey performed in 2002.
Lot Frontage: 580
Zoning Description: RM -MEDIUM DENSITY RESIDENTIAL DISTRICT See attached zoning information
Topography: Level
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,532 24,944 43,048
Median Age: 38.94 39.42 39.94
Households: 1,692 11,096 17,323

Contact

Photograph of Listing Agent

Wendy E. Keeler

Fairway Real Estate, LLC
NECPE Member
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