Courtesy of: Bob James | Keller Williams Gateway Realty
Purchase Type: Sale
MLS ID: 4802637
Days On Market: 361
Lot size: 0.6
Property Type: Commercial Sale
New Construction: No
Swimming Pool: No
Utilities: Cable - Available,Gas - On-Site,Other
Address: 598 Daniel Webster Highway
State: New Hampshire
Property Taxes: $0
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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