$215,000 Calculate Payment
598 Daniel Webster Highway
Merrimack, NH 03054
9,000 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 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. Continue reading
9,000 sq. ft
Price per Sq. Ft.
Square Footage Above / Below (approx)
6000 Sq. Ft. Above Ground . 3000 Sq. Ft. Below Ground
Gas Heat Forced Air
Walkup, Concrete, Entrance Outside, Storage
Additional Interior Features
Exterior / Lot Features
Shared Driveway, Paved Driveway, Assigned Parking Space, Off Street, On Site.
Deck, Porch Covered
C1 - Commercial
Additional Exterior/Lot Features
Business Park, Close To Shops, Paved Road, Public Roads, Level.
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
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