598 Daniel Webster Hwy, Merrimack

$215,000

Bob James
Keller Williams Gateway Realty
0 Beds
0 Baths
.6 Acres
0 Garages

Just .3 miles from exit 12 of the Everett Turnpike, this level 26,136+/- SF lot features 2 curb cuts, onsite water, sewer and natural gas. This location offers walking distance access to dining, grocery shopping, pharmacy and other retail. Zoning allows for a mix of retail and residential uses, but a proforma highest and best use analysis shows that redevelopment into a new-construction, multi-unit residential property offers the highest return, close a 10 cap and 11 cash-on-cash return, and that is at a lot sales price of $250,000! Next best would be a 5 unit specialty retail development at between a 7 - 8 cap rate.

Bob James, Keller Williams Gateway Realty.

Essential Information
MLS® #4802637
Price$215,000
Bathrooms0.00
Acres0.60
TypeCommercial
Sub-TypeCommercial/Industrial
StatusActive
Community Information
Address598 Daniel Webster Hwy
AreaMerrimack
CityMerrimack
CountyHillsborough
StateNew Hampshire
Zip Code03054
Amenities
ParkingDriveway, Off-Site
Utilities

Cable - Available, Gas - On-Site, Other

Exterior
Lot DescriptionLevel, Major Road Frontage
Additional Information
Date ListedApril 24th, 2020
Days on Market41
ZoningC1 - Commercial
Listing Details
AgentBob James
OfficeKeller Williams Gateway Realty
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Listing information last updated on June 5th, 2020 at 4:36am EDT.