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Listed by Justin C Haley • Compass New England, LLC
$689,000
Est. payment /mo
6,969 Sqft Lot
New
9-11 Mechanic ST Dover, NH 03820
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5110263
Annual Tax Amount $9,372
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property 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.
Location
State NH
County Nh-strafford
Area Nh-Strafford
Zoning CBD-G
Interior
Cooling None
Inclusions Land/Building
Exterior
Utilities Available Cable Available
Building
Sewer Public
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