Development Site For Sale - Concord

Vacant Land for Sale
Catylist Listing ID: 30536026
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Other
Gross Land Area: 13.77 Acres
Sale Price: $1,500,000
Unit Price: $108,932 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/16/2020

Overview / Comments

This property is located at the entrance to the Gateway Zone on busy Loudon Rd and I 393. It has frontage on both Break O Day Dr. and I 393 with excellent visibility. Neighbors include Super Walmart and Sam's Club. The Gateway Zone allows Retail, Multi Family with Development Plan, Office, Medical and Hospitality among other things. The property has been surveyed, wetlands have been identified and a topography study has been completed. Municipal water and sewer are available at the site. Development in the past years has included retail, restaurants, groceries, and home improvement.

Financials

Finance Data Year 2019
Assessed Value - Total($) $721,700 (Annual)
Real Estate Taxes - Annual($) $20,344 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 9696
Zoning: GATEWAY
Property Located Between: I 393, Rte 106 and Loudon Road
Property Visibility: Excellent
Largest Nearby Street: Loudon Road
Feet of Frontage: 720
Highway Access: Take I 93 to Exit 15 E to I 393. Proceed to the exit ramp at Rt 106 S and take the first right onto Loudon Rd. The property is on the right at the intersection with Break O Day Dr.
Airports: Concord, Manchester, Boston
Site Description: This property is located at the corner of Loudon Rd and Break O Day Dr. It has 720+/- ft of frontage on I 393 at the exit ramp for Rt 106 as well as 700+/- ft on Break O Day Dr. It is in the Gateway Zone and appropriate for Retail, Multi Family with Development Plan, Office, Medical and Hospitality among other things.
Area Description: The Gateway to Concord from the east, this area is developed with major retail including national chains and restaurants, Super Walmart, Sam's Club, Home Depot, Target, and more. Loudon Rd is the major road leading to Concord's downtown and is the site of a number of housing developments, multifamily and condominiums, office, retail and other commercial uses. It is also a short distance to Concord's largest industrial/office park and the Airport.
Lot Frontage: 720 ft on I 393 and 700 Ft on Break O Day Dr.
Zoning Description: Gateway - Retail, Multi Family (Development Plan Required), Medical Office, Professional Office, Hospitality, Day Care, Entertainment Facility, Indoor Recreation, Private Health Club, Restaurants, Drive Thru Restaurants, and Retail Gasoline Sales.
Topography: Hilly
Soil Type: Other
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,848 15,102 44,085
Median Age: 41.99 40.15 40
Households: 896 6,363 17,699

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