$215,000 Calculate Payment
598 Daniel Webster Highway
Merrimack, NH 03054
850 Sq. Ft.
0.6 Acre Lot
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. Continue reading
850 sq. ft
Price per Sq. Ft.
Exterior / Lot Features
Driveway, Off Site.
C1 - Comm>
Additional Exterior/Lot Features
Out Building. Central Business District, Business Park, Close To Shops, Level.
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