$210,000
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598 Daniel Webster Highway Merrimack, NH 03054
Other
Residence
Beds
Baths
850
Sq. Ft.
0.6
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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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MLS#
4802637
Property Type
Other
Square Feet
850
sq. ft
Price per Sq. Ft.
$247.06
Lot Size
0.6
Sewer
Public Sewer
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Source: Walk Score®
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