Map
Listed price in listed location currency (USD).
$689,000

000

MLS® 5110263

Overview

Key Facts

Type Other
Levels Commercial Sale
Size 7658 sqft
Garage No
Maintenance Fees 
Taxes $9,372
Days Active 3
Approx. Age 
Avg. Price Per Sqft $89
MLS® Number 5110263

Property Address: 11-9-11 Mechanic St, Dover, NH, 03820-3507

Average square foot calculated using Size range provided by listing agent.

Description

Introducing Mechanic Street Landing - a fully designed, engineered and city-approved development opportunity in the heart of downtown Dover. The approved 5-story mixed-use project includes 9 residential units (8 two-bedroom units and 1 studio), 2 ground-level commercial spaces and 8 on-site parking spaces. With approvals and plans already in place, a buyer can advance toward construction and develop a long-term income-producing asset or build, stabilize and sell. Detailed architectural, engineering and site plans are available to qualified buyers… Ownership has also explored two alternative concepts that may offer additional upside (subject to revised plans and City/Planning Board approval): reconfiguring the project into 18 one-bedroom rental units with ground-level common amenities, or converting the residential component into 9 individually saleable condominiums with common amenity space… Located in the heart of downtown Dover, the property offers exceptional walkability to restaurants, retail, entertainment and the waterfront. A rare opportunity to acquire an entitled “shovel-ready” downtown development project with approvals in place and multiple potential investment strategies. Buyer to perform independent due diligence - the property is being offered as land with an existing structure in tear-down condition.
MLS® Number5110263
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatNatural Gas Available
A/CNone

Extras

Map

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