598 Daniel Webster Highway, Merrimack, NH - 6Units - $215,000

598 Daniel Webster Highway, Merrimack, NH

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Price: $215,000 Status: Active
Taxes: $5,170 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 to a 10 cap and 11 cash-on-cash return, and that is at a lot sales price of $250,000! Financial return based on estimated costs and returns associated with a lot redevelopment to a 6 unit, 6000+/- RSF apartment building. With 1000 units of large apartment developments planned, in progress or newly opened in the area, this smaller development would offer an attractive alternative to those searching in the area, at competitive pricing.

Listed by Bob James of Keller Williams Gateway Realty.

Property Features

Property Information

MLS # 
4802660 
Number of Units 

Additional Features

Basement 
Yes 
Baths 
 
BedsTot 
 
Electric 
200 Amp 
Exterior 
Vinyl Siding 
Exterior Features 
Deck, Natural Shade, Porch - Covered 
Finished Sq Ft 
9000 
Footprint 
 
Foundation 
Concrete, Poured Concrete 
Garage 
No 
Heat/Fuel 
Gas - Natural 
House Color 
 
Road Frontage 
Yes 
Roads 
Paved, Public 
Roof 
Shingle - Architectural 
Sewer 
Public 
Total Rooms 
 
Total Units 

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