Development Potential

Retail-Commercial for Sale
Catylist Listing ID: 30401462
Building Size (RSF): 1,736 SF
Gross Building Area: See Agent
Gross Land Area: 4.50 Acres
Sale Price: $550,000
Unit Price: $316.82 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Parmenter Farm
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2020

Overview / Comments

Great development opportunity! Highly visible 4.5 acres of slightly rolling land with an antique connected farmhouse and barn also know as "Big House, Little House, Back House, and Barn". Corner lot with 460 ft of frontage on Rt. 102 and 269 ft on Parmenter Rd. The Parmenter Farm has great history if someone was to upgrade the house and barn and incorporate them into a redevelopment plan. The zoning is AR-1 withing the Rt. 102 Performance Overlay District that could provide more flexibility withing the zoning. Some permitted uses are business center development, professional offices, restaurants, cafes, retail stores, religious institutions, educational institutions, recreational area, elderly housing and assisted living facilities. Even though some restoration work has been done on the house and barn, both will still need considerable renovations and would be a great project for someone who restores antique properties. The house has had all plumbing replaced with copper piping, updated wiring, and some newer windows on second floor.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Town of Londonderry
Tax ID/APN: LOND:M002L011B0
Property Visibility: Excellent
Largest Nearby Street: Route 102
Feet of Frontage: 460
Property Condition: Poor
Year Built: 1773
Roof Type: Gable
Sprinklers: None
Heat Type: Propane
Zoning Description: Performance Overlay District AR-1
Lot Frontage: 490
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,502 21,488 91,818
Median Age: 40.77 40.66 39.48
Households: 1,120 7,430 34,422


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