Ignite FB Tracking Pixel598 Daniel Webster Highway, Merrimack, NH 03054 - Lisa Bailey
Re/max Synergy
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Multi-FamilyFor Sale
$240,000
598 Daniel Webster Highway
Merrimack, NH 03054
Courtesy of Keller Williams Gateway Realty -
MLS: New England Real Estate network (NEREN)
9,000Sq Ft
Est. Mortgage
$1,339/mo

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.

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Information courtesy of Keller Williams Gateway Realty is subject to verification and is not guaranteed.
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