Seacoast Development Opportunity!

Retail-Commercial for Sale
Catylist Listing ID: 30434637
Property Subtypes: Car Wash, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 20,000 SF
Gross Building Area: See Agent
Gross Land Area: 10 Acres
Sale Price: $2,374,000
Unit Price: $118.70 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/22/2020

Overview / Comments

Recently Reduced from $2,549,000 to 2,374,000
Development Opportunity! 10+ acres of prime commercial/mixed-use land (three separate lots) in the Heart of the Seacoast Retail District! In addition to the existing leased 20,000+ square feet, town approvals for an additional 14,400 s.f. (see attached for approved plans) consisting of nine 1,283 s.f. units with garage doors.
365’ frontage and curb cuts in place. Town water. Neighbors include Shaws, LLBean, Home Depot, Marshalls and the largest Harley Davidson Dealership in the area. Desirable I/BR zoning - See approved uses below and attached.

*Permitted Uses
Motels, Eating & Drinking Establishments, Research and Testing Laboratories, Offices, Hospitals and Clinics for Humans or Animals, Public Utility Buildings, Accredited Commercial Schools, Essential Services, Retail Uses, Wholesale Uses, Accessory Uses, Single Family Dwellings, Group Day Care, Duplexes, Manufactured Housing on Individually Owned Lots, as defined in Section 302.32 of the Zoning Ordinance, Manufactured Housing Parks, Places of Worship, Accessory Dwelling Units, Adult and Senior Facilities or Services. *Please see attached zoning requirements.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 881
Zoning: I/BR
Retail Clientele: General, Family, Business, Traveler, Tourist, Other
Property Located Between: Route 111 & Post Rd.
Property Visibility: Excellent
Largest Nearby Street: Route 1
Feet of Frontage: 365
Highway Access: I-95, Route 101 & Route 111
Airports: Logan and Manchester
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 1
Lot Frontage: 365'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,635 16,447 46,916
Median Age: 47.83 45.67 45.36
Households: 716 7,040 19,540

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