50 Acres Development Opportunity River Frontage

Vacant Land for Sale
Catylist Listing ID: 30269716
Property Subtypes: Agricultural, Residential (Single Family), Other
Gross Land Area: 50 Acres
Sale Price: $699,000
Unit Price: $13,980 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/25/2018

Overview / Comments

Beautiful piece of land with 2,500 +/- feet on the Suncook River. This parcel is great for a school or church compound, or for a small estate or gentleman’s farm. The main structure can be set nice and high (and dry) on a ridge that overlooks the river. Or construct new homes in an open space subdivision. There is municipal water at the street. Topography and boundary survey in hand. There is rental income from 5 manufactured (Mfd.) home tenants: 2 Mfd. home pads and 3 Mfd. home rentals. All 5 Mfd. homes are located at the end of Mass. Ave and can easily be isolated from the majority of the acreage. Included in the sale are the 3 Mfd. homes owned by the Seller. All 3 Mfd. homes are rented out and sold as is where is. Gross rental income is over $45,000 per year. Lot 266-151 has about 280' frontage plus a 40' ROW (known as Mass Ave.). 237 Buck St., the vacant white house abutting Lot 2676-151 has about 140' frontage.

Attachments & Media

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 266/151
Zoning: R-1B
Largest Nearby Street: Buck St.
Highway Access: Buck St. to Dearborn to Route 3
Airports: Manchester-Boston Regional Airport, Logan and Pease International Airports
Site Description: Topography and boundary survey in hand. A portion of the site is gently rolling, with a long ridge overlooking the Suncook River, and a portion of the site is in the flood plain.
Lot Frontage: 280' plus 40' ROW + 140'
Zoning Description: Uses allowed by right include single family and 2 family homes, Open Space residential development, churches, schools, agriculture and daycare/pre-schools. The full list of uses is attached.
In Flood Plain?: Yes
Topography: Undulating
Available Utilities: Electric, Water
Water Service: Municipal
Sewer Type: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,976 13,744 28,055
Median Age: 40.38 40.69 41.16
Households: 1,693 5,448 11,110

Contact

Photograph of Listing Agent

Ralph Valentine, CCIM

The Valentine Group
NECPE Member
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