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: 2/15/2024

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.

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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

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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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