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Listed by Jody Reese • Resolute Realty Group, LLC
$ 2,400,000
Est. payment | /mo
4.23 Acres Lot
$ 2,400,000
Est. payment | /mo
4.23 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5065529
Annual Tax Amount $4,768
Tax Year 2024
Lot Size 4.230 Acres
Acres 4.23
Property Description
The company will acquire, develop, and operate a prime mixed-use commercial and self-storage facility in a high-demand location. The property consists of 4.23 acres zoned commercial 16,979sq ft of 12 commercial/residential rental units situated on a major highway with 1061 feet of highway frontage. The new owner will have transfer permits to build 212 self-storage units. You can hit the ground running and build right away. The current owner has completed approved designs and is open to handle construction of the storage units. This dual-revenue model, combined with an exceptional location at the north end of New Hampshire's largest lake, provides a compelling investment opportunity. The total project cost is $3,210,000 million (purchase price of $2.4 million plus $809,000 for development), with a projected attractive 9.2% capitalization rate, offering strong, stable returns. Financials and CIM available with a NDA.
Location
State NH
County Nh-carroll
Area Nh-Carroll
Zoning COMMER
Interior
Inclusions Land/Building
Exterior
Utilities Available Gas On-Site
Building
Sewer Leach Field
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Kris Labrake
REALTOR® | Lic# 070372