22 acres with prime Development/Investment opportunities

Retail-Commercial for Sale
Catylist Listing ID: 30367747
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Movie Theatre, Post Office, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 10,500 SF
Gross Building Area: 11,800 SF
Gross Land Area: 22 Acres
Sale Price: $275,000 - 1,950,000
Unit Price: $26.19 - 185.71 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: LITTLE MEXICO and others
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/30/2019

Overview / Comments

5 Lot concept for potential sub division available:
275,000 Lot 1 equal 1.5 ac +
695,000 Lot 2 former Mexico Rest property 1.5+/- ac
625,000 Lot 4 includes car lot + income 9.5 ac.
Land lease corner lot 1.4 ac Rte 111 and Emerson
400,000 Lot 5 Emerson Ave 3.2+/- ac
Entire 22 acres with 3 to 4 rentals asking $1,950,000.One of the very last significant land parcels along Rte 111. significant traffic counts in excess of 18000 vpd. The site has a lighted intersection at Emerson and Rte 111 along with 3 curb cuts on Rte 111. Several prominent buildings are included including:
3,072 sq ft used auto dealer, 4,800 sq ft restaurant, 2100+ commercial/office building plus a 1800+ sq ft garage/warehouse.
Land lease; restaurant lease- former Little Mexico ( $5,000/mo NN)

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Hampstead
Tax ID/APN: MAP 0065 LOT 0082 BOOK 29283 PAGE387
Zoning: C-2
Retail Clientele: General, Business
Property Located Between: Emerson Ave and Rte 111
Property Visibility: Excellent
Largest Nearby Street: Rte 111
Feet of Frontage: 1,026
Traffic/Vehicle Count: 18,000
Highway Access: Rte 111
Airports: Boston, Manchester
Site Description: Large gently sloping and flat land site
Area Description: Next to strip center, several businesses in the immediate area, lumber co, tractor co, restaurants, small businesses, gas station, auto,
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Property Condition: Average
Parking Type: Surface
Parking Description: A significant area for parking , paved and unpaved
Zoning Description: C-2
Lot Frontage: 1,026'
Lot Depth: 900'
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,781 16,774 51,943
Median Age: 45.81 44.33 42.64
Households: 1,978 6,470 19,213


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