47 Hanson
Vacant Land
for Sale
| Catylist Listing ID: |
30855677 |
| Property Subtypes: |
Multi-Family, Office, Residential (Single Family), Retail, Vacation/Resort, Other
|
| Gross Land Area: |
0.02 Acres
|
| Sale Price: |
$150,000 |
| Unit Price: |
$7,500,000 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/18/2023 |
Overview / Comments
|
Affordable fixer upper mix use duplex or an underpriced pre-existing multifamily lot in the heart of downtown. Purchase this property as a package with MLS #4968544. The new owner could increase the lot size and boundary lines with the property next door, to fit a larger new structure. Alternatively fix the existing structure with low costs due to its small size. The property is in need of extensive rehab, but could be an opportunity as a brrrr candidate. Downtown commercial zoning offers no setback requirements and relaxed density requirements for potential additional units. This is the perfect candidate to reap the incredible benefits of a qualified opportunity fund, and local 79E tax benefits. Located in up and coming Rochester, the largest city in the Seacoast region by land-mass and population. Embrace a unique investment opportunity in a city brimming with development activity, with major projects like the ridge expansion and the Hoffman project, solidifying its position as the leading seacoast city for construction starts. Offers as a package will take precedence.
|
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Strafford |
| Tax ID/APN: |
210 |
| Zoning: |
X |
| Site Description: |
The new owner could increase the lot size and boundary lines with the property next door, to fit a larger new structure. Alternatively fix the existing structure with low costs due to its small size. The property is in need of extensive rehab, but could be an opportunity as a brrrr candidate. Downtown commercial zoning offers no setback requirements and relaxed density requirements for potential additional units. |
| Lot Frontage: |
TBD |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,560 |
25,924 |
41,565 |
| Median Age: |
37.68 |
40.64 |
40.75 |
| Households: |
3,528 |
10,769 |
16,912 |
|
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