Courtesy of: Bob James | | Keller Williams Gateway Realty |
Purchase Type: Sale
MLS ID: 4802637
Days On Market: 645
Lot size: 0.6
Swimming Pool: No
Has Waterfront: No
Utilities: Cable - Available,Gas - On-Site,Other
Address: 598 Daniel Webster Highway
State: New Hampshire
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.
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Listing Agent: Bob James Courtesy of: Keller Williams Gateway Realty Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site comes in part from the IDX Program of NEREN. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last Updated: 29th January, 2022 12:39 AM