Approved Residential Development Opportunity

Multi-Family for Sale
Catylist Listing ID: 30802569
Property Subtypes: Mixed Use
Building Status: Proposed
Number of Units: 25 Units
Building Size (RSF): 42,242 SF
Gross Land Area: 0.45 Acres
Sale Price: $850,000
Unit Price: $34,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 42,242 SF
Sale Terms: Cash to Seller
Last Updated: 5/14/2022

Overview / Comments

We are pleased to present an attractive proposed building in the heart of downtown Dover. There is an approved plan consisting of a 4 story mixed use building with a total of 42,242+/- sf and 30 parking spaces located on a .447+/- acre lot at 14 Broadway.

Ground floor consists of a 3,176+/- sf commercial unit. The second, third, and fourth floors each consist of at least eight residential units with a green rooftop garden area at the second floor level which also serves to cover the parking area. Existing building must be demolished by Buyer.

Centrally located in downtown Dover between Pierce Street and Chapel Street. Easy walking distance to all shops, restaurants and attractions of downtown Dover.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $7,089 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Submarket/Township: Dover/Rochester/Somersworth
Taxing Authority: City of Dover
Tax ID/APN: 4-5-0-0
Zoning: CBD-G
Property Located Between: Chapel Street and Pierce Street
Highway Access: 1.4 miles (5 min) to Route 16 South
Site Description: Site was the home to a powder coating business, but the Seller has a clean environmental on the site.
Total Number of Buildings: 1
Number of Stories: 4
Roof Type: Flat
Construction/Siding: Brick/Aluminum Siding
Exterior Description: Natural clay brick with concrete panels. Aluminum or fiber glass window panels. 80% glass storefront along Broadway St. facade.
Parking Type: Surface
Parking Description: Under cover parking spaces
Total Parking Spaces: 30
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Fuel: Gas
Internet Access: Cable
Lot Frontage: 156.76
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,252 30,537 68,509
Median Age: 33.21 36.53 35.52
Households: 4,746 12,983 25,622

Contact

Photograph of Listing Agent

David F. Choate, III

Colliers International NECPE Member
Photograph of Listing Agent

Abigail K. Morneault

Colliers International NECPE Member
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