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): 12,000 SF
Gross Building Area: 12,140 SF
Gross Land Area: 22 Acres
Sale Price: $1,950,000
Unit Price: $162.50 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/21/2019

Overview / Comments

One of the very last significant land parcels along Rte 111. significant traffic counts in excess of 18000 vpd. 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 take-out restaurant, 4,800 sq ft restaurant, 2100+ retail/office building plus a 1800+ sq ft garage/warehouse.
Owner will consider a subdivision sale or lease of any of the properties as well as a land lease.
Many allowable uses !!!!

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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