±0.94 ac land parcel › d2 › zvnfej5g-5g6cflo3nhgdij2... · 2020-03-04 · these c1-zoned areas...
TRANSCRIPT
ONLINE AUCTION: APRIL 13-15, 2020
± 0 . 9 4 A C L A N D PA R C E L3 3 C H A N D L E R A V E N U E , P L A I S T O W , N H
LOT: ±0.94 AC
PROPERTY TYPE: WOODED LAND
OCCUPANCY: VACANT
CORNER LOT
±0.5 MILES FROM NH/MA STATELINE
±40-MIN FROM BOSTON
ABSOLUTE AUCTION | $1 BID MEETS RESERVE
PARCEL #: 25-025-001-000
ZONING: C1, COMMERCIAL I
MARKET: WITHIN THE ROCKINGHAM SUBMARKET IN THE BOSTON MSA
CBRE is pleased to present a ±0.94 AC (±40,947 SF) land parcel located at 33 Chandler Ave (the “Property”) in Plaistow, NH within the Boston MSA. This Property offers an exceptional investment opportunity via development and first bid meets reserve! The Property is undeveloped land positioned at the intersection of Chandler Avenue and Garden Drive, just off of Plaistow Road. This Property offers potential investors the ability to acquire raw land with significant value add through development and long term lease up. The Property is Zoned C-1, Commercial I, and offers favorable flexible zoning that allows for a variety of uses. Properties in this zoning district are intended primarily to serve the needs of the surrounding residential neighborhood and serve as regional commercial centers. These C1-zoned areas tend to have good highway access, adequate off-street parking, proper lighting, police and fire protection, and adequate water and sewer services provided. The Property is located across from a grocery anchored retail center with Market Basket and Kohl’s and a 1/2 mile from Pentucket Shopping Center with Walmart, Home Depot, Staples and Bed Bath & Beyond. The Property is strategically positioned just a half mile from the New Hampshire - Massachusetts state line in a retail/commercial corridor with dense residential nearby. The Property has approximately ±64,634 individuals residing within a 5-mile radius of the property and an average HH income of ±$66,121. The Property is a corner lot with visibility to Route 125/Plaistow Rd (±19,500 VPD). The Property’s location just off Route 125/Plaistow Rd offers excellent accessibility to the broader area and is often times used as a toll-free alternative to Interstate 95 and the Spaulding Turnpike. Major roadway proximity to the center provides the necessary access to more regional destinations throughout the area, while the immediate area’s retailers provide the necessary drawing power for the property. The Property is located near numerous area POI and retailers including Walmart, Home Depot, Staples, Bed Bath & Beyond, Midas, Ethan Allen, Shaw’s, Party City, ALDI, Walgreen’s, AutoZone, and various QSR’s. Additionally, the Property is located ±3 miles from I-495, ±4 miles from Haverville, ±4 miles from the Haverville & Bradford commuter rails, ±40 minutes from Downtown Boston and ±50-minutes from Manchester Boston Regional Airport. The Property also benefits from dense and compelling demographics and has a population of ±91,496 with an annual household income of ±$94,902 within a 5-mile radius (2018).
P H I L I P KAT E ST: 305-206-1286
A DA M S K L AV E RT: 301-706-4619
±0.94 ACRE UNDEVELOPED
LAND SITE AVAILABLE AT A SIGNIFICANT DISCOUNT WITH VALUE ADD VIA DEVEOPMENT
CORNER LOT
±0.5 MILES FROM NH/MA STATELINE
±40-MIN FROM BOSTON
DENSE COMMERCIAL
CORRIDOR W/ RETAIL TRAFFIC GENERATORS INCLUDING WALMART, KOHL’S, HOME DEPOT, ALDI, PARTY CITY, AND
STAPLES (ALL WITHIN ±0.5
MILES)
A DA M S K L AV E RT: 301-706-4619
EXCELLENTACCESSIBILITY
NEAR THE NH/MA STATELINE;
POSITIONED JUST PLAISTOW RD WITH
±19,500 VPD
LOCATED IN THE BOSTON
MSA IN A GROWING MARKET AREA
WITH DENSE AND COMPELLING
DEMOGRAPHICS
P H I L I P KAT E SC: 305-206-1286
PLAISTOW, NEW HAMPSHIRERockingham County is a county in New Hampshire and as of the 2010 census, the population was 295,223, making it the second-most populous county in New Hampshire. Rockingham County constitutes a portion of the Boston-Cambridge-Newton, MA-NH MSA as well as of the greater Boston-Worcester-Providence, MA-RI-NH-CT Combined Statistical Area. Rockingham County has always emphasized its many advantages for new business opportunities such as our central location (located on New Hampshire’s Seacoast/60 minutes north of Boston), multiple forms of easy-access transportation and the County’s most important resource – a talented and dedicated work force. Additionally, the County has been cited on numerous occasions as one of the best locations in which to establish a home and a thriving business due to the area’s education, strategic business location, a skilled labor force, no state income tax and an excellent quality of life. Plaistow is a town in Rockingham County and it’s economy is centered along New Hampshire Route 125, a north-south road that connects the town with Haverhill, Massachusetts, to the south and Kingston, Epping, and Rochester, New Hampshire, to the north. Local businesses and numerous large chain stores are located along Route 125, and Route 125 intersects with Interstate 495 in Massachusetts 2 miles south of the center of Plaistow. Commuters to Massachusetts are able to use a New Hampshire park and ride facility located on Westville Road, just east of Route 125. Although NH 125 is mostly an undivided two-lane highway, it regularly carries heavy truck and tourist traffic, especially in the summer months, when it is used as a toll-free alternative to Interstate 95 and the Spaulding Turnpike. There are numerous attractions near the Town including Downtown Boston, Coastal Maine, Canobie Lake Park, Kenoza Lake, Winnekenni Castle, Pentucket Arts Center, Valley Forum Indoor Ice Skating Rink, Ward Hill Business Park and both Salisbury and Hampton beaches.
© 2019 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful,
independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
5-MILE DEMOGRAPHICS