Development Opportunity with Income

Retail-Commercial for Sale
Catylist Listing ID: 30124867
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Movie Theatre, Parking Facility, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 18,204 SF
Gross Building Area: 82,764 SF
Gross Land Area: 1.90 Acres
Sale Price: $3,800,000
Unit Price: $208.75 PSF
Property Use Type: Investment
Building Name: Schooner House Properties
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/15/2018

Overview / Comments

Unique Opportunity to create a downtown waterfront community. Deep water docking available with access to Great Bay and the Atlantic Ocean. Boat docks and slips with riparian rights. Zoning is mixed use commercial and residential. Potential to create a total Live/Walk Sustainable Community. Offering is made up of 7 lots on Portland Ave and Cocheco Street for a total of approx. 1.9+/- acres, and approx 400 feet of river frontage.

Existing buildings on the property produce significant income, which provides the opportunity to create your vision in stages. Incorporate the historic designs of some of the existing buildings to create an old New England look and architectural beauty, and incorporate a mix of the modern designs and amenities to attract residents and businesses alike.

The City of Dover is one of the fastest growing communities in the US. Dover is also one of the earliest settlements having been established in 1623 and known as the 7th Settlement of the USA. Dover is a vibrant and prospering City with a population of approximately 30,000 in the city, with a catchment area population of well over 100,000 people within 10 miles.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Strafford
Taxing Authority: Dover, NH
Tax ID/APN: 23-1/2/3/4 and 24-140/141/142
Market Type: Medium
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Portland Ave and Cocheco Street
Side of Street: East
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Main Street and Central Avenue
Feet of Frontage: 600
Transportation: Bus, Rail, Highway, Taxi
Highway Access: Route 4, Route 108 to Route 16
Site Description: Waterfront, sloping down from Portland Ave, and mainly level from Cocheco Street.
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 3
Typical SF / Floor: 2,000 SF
Property Condition: Excellent
Year Built: 1780
Roof Type: Other
Parking Type: Surface
Parking Description: Several parking areas including land lots.
Zoning Description: Central Business District is zoned for mixed use, allowing for retail, office, and residential uses.
Lot Frontage: Approx. 600 feet total on Portland Ave and Cocheco Street.
Lot Depth: From 115 feet to 235 feet approx.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,252 31,832 68,509
Median Age: 33.21 36.47 35.52
Households: 4,746 13,532 25,622


Photograph of Listing Agent

Gerry O'Connell

KW Commercial NECPE Member
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