Land For Sale & For Lease

Vacant Land for Sale
Catylist Listing ID: 30598740
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 1.79 Acres
Sale Price: $775,000
Unit Price: $432,960 Per Acre
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 10/22/2020

Overview / Comments

This site for sale & lease has excellent visibility right on a busy four-way lighted intersection. It is located at Exit 8 on the Spaulding Turnpike (Rt 16), which provides access to Portsmouth and points south and east in less than 15 minutes. The site has great accessibility to downtown Dover with all of its amenities and nearby Durham, NH, which is home to the University of New Hampshire. The University is one of the leading research universities in the country, even providing expertise to the space station and launching NASA satellites. It also provides high-end sports events for the local area at the Whittemore Center. Dover is the fastest growing community on the NH seacoast with average age continuing to decrease annually, whereas the rest of the state is getting older. NNN Lease option is $90K/year. The lighted four-way intersection has very high traffic numbers (15,000 vpd on Knox Marsh Rd; 10,000 vpd on Littleworth Rd; 40,000 vpd on Spaulding Turnpike)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Taxing Authority: Dover
Tax ID/APN: H0021-000000 - H0022-A00000
Property Located Between: Spaulding Turnpike & Route 9
Property Visibility: Excellent
Legal Description: 47415/136 - 4500/0237
Largest Nearby Street: Spaulding Turnpike (Route 16)
Feet of Frontage: 525
Traffic/Vehicle Count: 25,000
Highway Access: Spaulding Turnpike (Route 16) - 400 feet away
Airports: Pease Tradeport & Rochester Regional
Site Description: This is a site that is located less than a quarter mile from Exit 8 on the Spaulding Turnpike (RT 16), which provides access to Portsmouth and points south in less than 15 minutes. Its location provides ease of access to Boston, MA in an hour, north to Portland, ME in an hour, north to the mountains in an hour, thus is very centrally located. Settled in 1623, Dover is the oldest, permanent settlement in New Hampshire and the 7th oldest in the U.S. Dover was incorporated as a city in 1855, and was a thriving mill town for many years. Its unique location is very close to the border with Maine, and contains the conflux of three rivers, which provided transportation, power, food, and a way of life for many years. The city is just 15 minutes inland from Portsmouth, and just south of Rochester, another good sized city in the seacoast. The 2010 census had population at 29,987. The current population is approximately 32,000 and the fourth largest city in New Hampshire. It is currently in a re-vitalization mode, with a demographic that is 10 years younger than the rest of the state, providing a younger and more educated workforce. Dover High School has opened their new $87 million building in 2018 with the one of the top Technical Centers in the state.
Area Description: This part of Dover is one of the areas that is mixed use, both industrial/commercial and residential. It is also near the new $87MM high school. The seacoast, in general, is well situated for growth because it is halfway between Boston and Portland. Portsmouth is only 15 minutes via the Turnpike. The NH lakes and mountains region is only an hour north.
Lot Frontage: 525 FT
Lot Depth: 356
Zoning Description: R-20 - Residential / commercial - Town has a short term plan for re-zoning this property to full commercial.
Topography: Level
Easements: Electric Lines, Utilities
Easements Description: Sewer easement is at the back of the property - utility easements on the front
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal, Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,023 36,354 65,773
Median Age: 32.74 34.65 35.38
Households: 2,406 14,058 24,312
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