Rte 38 Pelham NH Development 30+/- ac

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30517700
Property Subtypes: Industrial, Multi-Family, Residential (Single Family), Retail, Retail-Pad, Self Storage
Status: Pending/Contingent
Gross Land Area: 30 Acres
Sale Price: $1,250,000
Unit Price: $41,666 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/24/2020

Overview / Comments

Ideal B5 zoning with potential for a sizable mix-use theme of residential, commercial, other.
Across from Golf Course and 1/2 mile from Town center, Hannaford, Dunkin Donuts, etc.
30 acres available on Rte 38 between Salem and Dracut. Excellent gravel ; perc test available. Estimated at between 75-90 +/- multi family units may be developed. Option to acquire abutting acreage .
Subject to sub division approval; residence "not" included .
Call for details.

Additional Details

Nearest MSA: Manchester-Nashua
County: Hillsborough
Tax ID/APN: MAP 0065 LOT 0082 BOOK 29283 PAGE387
Zoning: B5
Property Visibility: Excellent
Largest Nearby Street: rte 38
Feet of Frontage: 1,700
Highway Access: Rte 38
Site Description: 1700' frontage with 3 curb cuts, Convenient to Salem NH, Dracut MA areas. Town is pro-development for this site and open to new construction opportunities. Preliminary engineering shows excellent soils and good perc test.
Lot Frontage: 1700'
Zoning Description: B5
Topography: Rolling
Soil Type: Gravel
Water Service: Municipal, Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,310 16,733 78,170
Median Age: 41.4 40.32 41.14
Households: 1,114 5,624 28,288

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