Large Land Parcel for Sale Franklin NH

Vacant Land for Sale
Catylist Listing ID: 30552453
Property Subtypes: Agricultural, Mobile Home Park, Residential (Single Family), Other
Gross Land Area: 536.50 Acres
Sale Price: $1,900,000
Unit Price: $3,541 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/13/2020

Overview / Comments

This is a large parcel of land that is zoned "C", Conservation. This zoning allows by right low density residential development, manufactured housing and farming. Allowed by Permit or Special Exception are: gravel pits, cell towers, outdoor recreation, institutional uses and cluster residential. The highest and best use is sand and gravel excavation or future residential development. The parcel is in current use with a present tax bill under $1000.

MINERAL RESERVES
An analysis of the mineral reserves was conducted in July 2018. Those reports are available to a qualified Buyer.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $1,000 (Annual)

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: Map 108 Lot 401
Zoning: C-CONSERVATION
Property Located Between: On the Franklin/Boscawen boundary on Rt 3.
Property Visibility: Good
Legal Description: Bk 3543 Pg 2708
Largest Nearby Street: South Main St (Rt 3)
Feet of Frontage: 607
Highway Access: Exit 17 on I 93, proceed north on Rt 3 to the Franklin town line.
Airports: Concord, Manchester, Boston
Site Description: The site is located on the west side of Rt 3 in Franklin, abutting the Boscawen town line. Access to the property is a private gravel way off of South Main Street along the power line ROW. The site is topographically variable and rises from the road frontage. There is a topography map completed. 11.5 acres running along the north east boundary of the property are encumbered by a 225' wide power line ROW to Eversource.
Area Description: Neighboring uses include Merrimack County Correction Facility and Merrimack County Elderly Care facility in addition to rural residential development.
Lot Frontage: 607+/- feet
Zoning Description: C - Conservation Primary uses are low density residential, manufactured housing and farming. Allowed by permit or special exception are gravel pits, cell towers, outdoor recreation, institutional uses, and cluster residential.
Topography: Gently Sloping
Easements: Electric Lines, Utilities, Other
Easements Description: 11.5+/- acres running along the north east boundary of the property are encumbered by a 225' wide power line ROW to Eversource. There are also normal utility and drainage easements in place.
Soil Type: Gravel
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,387 10,318 15,082
Median Age: 38.56 40.16 41.3
Households: 519 4,024 5,780

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