Sand & Gravel Pit and Processing Facility - Alton & Ossipee
Vacant Land
for Sale
Also listed as Industrial
| Catylist Listing ID: |
30843096 |
| Property Subtypes: |
Industrial
|
| Gross Land Area: |
158 Acres
|
| Sale Price: |
$4,500,000 |
| Unit Price: |
$28,481 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/6/2023 |
Overview / Comments
On offer are two parcels comprising a 106-acre sand and gravel pit in Ossipee and a 52-acre contractor's yard in Alton serving as a processing facility for materials excavated from the Ossipee site, as well as third-party materials, including broken concrete and asphalt which is recycled and sold, general fill, screened loam and dirt, and sand. On the Ossipee site, only about 20 acres have been worked so far, and the combined revenue is over a million dollars per year, so this represents a long-term opportunity for an investor/owner/operator; and it would be very difficult to replicate this facility without running headlong into "Not In My Backyard" opposition. A list of materials sold, broken down by type, percentage, and value, is included in the attached documents.
The Ossipee site is accessed off Route 16 via Pollys Crossing Road, which is a Class VI road maintained by the current owner. The eastern edge of the property is an old spur of the B&M Railroad, now used as a snowmobile trail. The Alton site is very close to Alton Bay and Roberts Cove on Lake Winnipesaukee; the current owner also owns the abutting property between this facility and Roberts Cove Road and has expressed a willingness to grant a right-of-way across his lot to the 230 feet of frontage on Robert cove Road to create two points of access for this parcel, to enhance its future redevelopment potential.
All the the equipment is also available for sale, and a list is provided in the documents. Full offering memorandum, as well as P&S for 2020-2022 and YTD 2023 is available upon request.
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Additional Details
| Nearest MSA: |
Laconia |
| County: |
Belknap |
| Tax ID/APN: |
19-18-1 |
| Zoning: |
RURAL |
| Highway Access: |
Alton is located on Route 28 (Wolfeboro Highway). Osssipee is less than one mile from Route 16 (White Mountain Highway). |
| Site Description: |
Lakes region. |
| Area Description: |
Lakes Region. |
| Lot Frontage: |
805 at Alton |
| Zoning Description: |
Alton site is in Rural zone; Ossipee site is Com/Ind. |
| Easements: |
Other |
| Easements Description: |
The Ossipee site has a small right-of-way to a burial site. |
| Water Service: |
None |
| Sewer Type: |
None |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
4,856 |
8,609 |
| Median Age: |
48 |
49.49 |
| Households: |
1,987 |
3,729 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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