Commercial Lot For Sale

Vacant Land for Sale
Catylist Listing ID: 30429551
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 0.23 - 8.28 Acres
Sale Price: $195,000 - 1,445,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/25/2019

Overview / Comments

.23 acre residential parcel for sale zoned Highway Commercial, allowing for many commercial uses and just off exit 13 of the Spaulding Turnpike. The parcel abuts highly-trafficked Rochester Crossing, which houses Lowe's, Kohl's, JoAnns Fabric and Crafts, GNC, Mattress Firm, PetSmart, Buffalo Wild Wings, IHOP, and more. The Rochester Park and Ride is directly across the street, as is a 250+ unit residential development currently in Phase 3. Other new residential developments are in various phases nearby. Public sewer, natural gas, and Three-Phase power are all available as the lot abuts the tie-in for these utilities. The traffic count shown is from 2018 and is not accurate. Traffic is increasing by 3% each year in this area and a new study is due.

This parcel sits across from Fillmore Blvd and features an oversized curb cut and large driveway. A 3,342+/- SF home currently occupies this lot and the building could be converted into a commercial business such as a coffee shop or small retail establishment. There are three adjacent lots also available for purchase; all four lots total 8.28+/- acres. The traffic count shown is from 2018 and is not accurate. Traffic is increasing by 3% each year in this area and a new study is due. The city of Rochester is extremely business-friendly to developers, making this opportunity even more enticing. New Hampshire Magazine dubbed Rochester as the Granite State’s “city on the rise” in conjunction with its annual “Best of NH” awards in 2018.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $1,709 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Tax ID/APN: 0130/0039
Zoning: HIGHWAY COMMERCIAL
Property Visibility: Excellent
Legal Description: 1025/138
Feet of Frontage: 100
Traffic/Vehicle Count: 9,182
Highway Access: Just off Spaulding Turnpike
Site Description: High visibility location directly on Route 202 (Washington St) just minutes from the Spaulding Turnpike and abutting Rochester Crossing. Rochester Park & Ride is across the street.
Lot Frontage: 100
Zoning Description: Highway Commercial
Topography: Level
Easements: Electric Lines
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal, Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,883 25,107 44,800
Median Age: 34.83 40.32 40.95
Households: 1,136 10,395 17,860

Contact

Photograph of Listing Agent

Lisa Reehl

KW Commercial at Keller Williams Coastal Realty
NECPE Member
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