598 Daniel Webster Highway, Merrimack, NH | Derry NH Area Commercial Sale For Sale
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- Asking Price: $215,000
- Type: Commercial Sale
- Sub-Type: Development, Land, Multi-Family, Office, Retail, Vacant Land
- Status: Active
- Days-On-Market: 26
- Listing Date: Apr 24, 2020
- Updated: Apr 27, 2020
- Bedrooms: | Baths: 0
- Sq Ft: 850 | Acres: 0.60
Property DescriptionJust .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 DirectionsFrom North: Everett Turnpike to exit 13. Follow signs fro Rt 3. Head south on rt 3 for 2.3 miles. Property on the right. From South: Everett Turnpike to exit 12. Turn right on Bedford Rd, then Right on DW Highway. Property is .3 miles on the right across from Tortia Flats.
- MLS ID: 4802637
- Address: 598 Daniel Webster Highway
- City/Town: Merrimack
- State: NH
- Zip Code: 03054
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Zestimate: $0 | Range: $0 to $0
Rent Zestimate: $0 monthly | Range: $0 to $0
See more details for 598 Daniel Webster Highway, Merrimack, NH 03054 on Zillow
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