15 Sagamore Road

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30864466
Property Subtypes: Mixed Use, Restaurant, Retail-Pad
Building Size (RSF): 3,683 SF
Gross Building Area: See Agent
Sale Price: $2,600,000
Unit Price: $705.95 PSF
Property Use Type: Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 2/4/2024

Overview / Comments

Investors & builders take notice of this extremely rare opportunity to develop "Split Rock Place" at Foyes Corner in Rye! This 2.02 acre mixed use property has full municipal approvals for 9 units: 3 free standing residential units tucked back behind 2 commercial buildings which are comprised of 6 commercial condo units. The beautifully designed Split Rock Place will be a further enhancement to this growing hub in Rye, centrally located in between downtown Portsmouth, the Rt 1 commercial district and Rye's oceanfront communities. An oversized pergola covered 2-level patio adds to the appealing facade of the project. This property features excellent visibility on Sagamore Rd. with approx. 259' of frontage, a generous amount of parking, and will be serviced by Portsmouth public water & sewer. Located among other popular businesses including The Atlantic Grill, Park'd and Summer Home Furnishings, and in close proximity to downtown Portsmouth and other shopping destinations on Rte. 1, this is one of Rye's premier locations. Don't miss the opportunity to own an important piece of this highly sought after Seacoast location!

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 08187-024-022-000
Zoning: COM
Property Visibility: Excellent
Largest Nearby Street: Sagamore Rd
Feet of Frontage: 259
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Parking Type: Surface
Zoning Description: COM
Lot Frontage: 259
Water Service: Municipal
Sewer Type: Municipal, Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,908 25,513 40,443
Median Age: 45.55 42.29 43.17
Households: 761 12,031 18,585
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