Absolute $1 Auction ! First Bid Meets Reserve!
Online Auction: April 13th - 15th, 2020
Investment Highlights:
NO RESERVE! Dense Retail Corridornearby tenants include Walmart, Home Depot, Kohls, ALDI, Shaws, Staples, Bed Bath & Beyond, and various QSRs
Corner Lot With 19,500 Vehicles Per Day Along Plaistow Road
Great DemographicsPopulation of 91,496 and an annual household income of $94,902 within a 5-mile radius
Offering Details:
CBRE and RealINSIGHT Marketplace are 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 abili...
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 Kohls and a half 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 five-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 Propertys location just off Route 125/Plaistow Rd offers excellent accessibility to the broader area and is oftentimes 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 areas 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, Shaws, Party City, ALDI, Walgreens, AutoZone, and various QSRs. Additionally, the Property is located three miles from I-495, four miles from Haverville, four 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 five-mile radius (2018).
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