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598 Daniel Webster HighwayMerrimack, NH 03054MLS Number 4802660

  • Price: $215,000The price has recently decreased
  • Est. Mortgage of $/month
  • 362 Days on Market
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Est. Mortgage: $/month

Federal 30-year interest rate: 3.04% last updated on 2021-04-15

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598 Daniel Webster Highway Merrimack NH 03054598 Daniel Webster Highway Merrimack NH 03054598 Daniel Webster Highway Merrimack NH 03054
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  • $215,000List Price
  • 6Bathrooms
  • 0.6Acreage
  • 9,000Square Feet
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

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Your Local Office

Kathleen Chaloux - Bean Group | Bedford
264 S. River Road
Bedford NH, 03110

Office: 800.450.7784

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More Info

Basic Information

  • StatusACT
  • Property TypeMulti-Family
  • List Price$215,000
  • Date Price Change04/27/2020
  • MLS Number4802660
  • MLS StatusActive

Interior

  • APX Fin Below Grade3,000

Exterior

  • ExteriorVinyl Siding
  • RoofShingle - Architectural

Utilities

  • Heat FuelGas - Natural
  • Heat SystemForced Air
  • UtilitiesCable - Available, High Speed Intrnt -Avail
  • WaterPublic
  • Water HeaterGas - Natural
  • Electric200 Amp
  • SewerPublic

Location

  • TownMerrimack
  • StateNH
  • Zip03054
  • CountyHillsborough
  • ZoningC1 - Commercial
  • Flood Zone Y/NUnknown

Property

  • Acreage0.6
  • Parking Spaces
  • Square Feet9,000
  • APX Fin AG Sqft6,000
  • Road Frontage207
  • RoadsPaved, Public
  • Lot DescriptionLevel, Major Road Frontage Commercial Zoning, Near Shopping

Amenities

  • Exterior AmenitiesDeck, Natural Shade, Porch - Covered

Other

  • Taxes$5,170
  • Seasonal Y/NNo
  • TrashDumpster
  • Unit 1 Deposit$2,000
  • Unit 2 Rent Amount$2,000
  • Unit 3 Rent Amount$2,000
  • Unit 4 Rent amount$2,000
  • Unit 5 Rent amount$2,000
  • View Count16

Building

  • Year Built2020
  • Building ConstructionWood Frame
  • StyleApartment Building
  • Units6
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms4
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 2 Floor Location2
  • Unit 2 StyleOpen Concept Apartment
  • Unit 2 Total Rooms4
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • Unit 3 Floor Location1
  • Unit 3 StyleOpen Concept Apartment
  • Unit 3 Total Rooms4
  • Unit 4 Bath1
  • Unit 4 Floor Location2
  • Unit 4 StyleOpen Concept Apartment
  • Unit 4 Total Rooms4
  • Unit 5 Baths1
  • Unit 5 Bedrooms2
  • Unit 6 Baths1
  • Unit 6 Bedrooms2
  • # of 2 Bedrooms2
  • Bathroom6
  • Total Baths6
  • Basement
    • Concrete
    • Concrete Floor
    • Exterior Access
    • Stairs - Exterior
    • Storage - Assigned
    • Storage - Locked
  • FoundationConcrete, Poured Concrete
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Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web 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 April 20, 2021.

 

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