598 Daniel Webster Highway, Merrimack, NH - $215,000

598 Daniel Webster Highway, Merrimack, NH

   Photo 1 of 3   
Price: $215,000 Status: Active
Taxes: $5,160 Lot Size 0.6

Comments:

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.

Listed by Bob James of Keller Williams Gateway Realty.

Property Features

Property Information

MLS # 
4802637 
Property Type 
Commercial Sale 

Additional Features

Lot Desc 
Level, Major Road Frontage 
Property Type 
Commercial Sale 
Road Frontage 
Yes 
Roof 
 
Roads 
 
Sq Ft Building 
850 
Stories 
 
Baths 
 
Units 
 
Water 
Public 
Water Access Desc 
 
Water Body 
 
Water Frontage 
 
Zoning 
C1 - Commercial 

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