27 35 Canal Street , Penacook, NH 03303(Merrimack County)

This 2.82 /- Acre site is being offered by the City of Concord. Mixed use is strongly preferred; however the City is open to entertaining multifamily residential and other forms of commercial development. The City also strongly desires to retain that portion of the site for a new public park along the Contoocook River. The property is in the heart of Penacook Village within walking distance banks, medical I dental offices, restaurants and niche retail shops. The property is also located within a Tax Increment Finance (TIF) District. Subject to negotiations with the Developer, the City is open to using the TIF district to assist with the construction of off-site improvements to support redevelopment of the premises provided tax revenues from the Developer's project are sufficient to support TIF incurred debt service and operating costs associated therewith. The property may also eligible for the RSA 79-E Community Tax Relief lncentive Program.