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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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9-11 Mechanic St , Dover, NH 03820
$689,000
Est. Payment: $1,531.11/mo
0 Bed
0 Bath
7658 Sqft
Status: Active | Days on site: 0
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5715 - 624081
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House 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.

Highlights

Listed by Justin C Haley , 916-224-7301 Compass New England, LLC , 978-248-8081.

Property Type

Commercial Sale

Lot/Acreage
0.16

County

Strafford

Listing ID

5110263

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:No

Exterior Features

Lot:City Lot
Zoning:CBD-G
Sewer:Public
Principal Interest
$1,531
Taxes
$781

Home Price

$689,000

Loan Details

30 yrs
%

Down Payment

20%
$137,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,531.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,531.11 $781.00 $0.00 $2,312.11
Yearly $18,373.33 $9,372.00 $0.00 $27,745.33
Total $551,200.00 $281,160.00 $0.00 $832,360.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Dover, NH).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.