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

View FullscreenMap

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

Contact

© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.