613 Amherst StNashua, NH 03063

Property Details for 613 Amherst St

Year built

1954

Lot size

0.44 AC

Property size (Sq ft)

525 SF

Zone code

GB

Property type

Retail properties

Property subtype

Other retail properties

APN

NASH M:H L:00152

APU

NASHMHL00152

Description

This exceptional commercial land offering presents a rare redevelopment opportunity on the highly trafficked Route 101-A in Nashua, New Hampshire. Comprising two adjacent parcels totaling approximately 0.78 acres (Parcel 1 = 0000H-00135, Parcel 2 = 0000H-00152), this property boasts exceptional visibility and accessibility. The site benefits from a four-way signalized intersection providing convenient access to both parcels. Located in a General Business (GB) zoning district, the property allows for a multitude of commercial and retail uses. This prime location is further enhanced by its proximity to established businesses such as Verizon and Starbucks, ensuring high foot traffic and brand recognition. The asking price for this unique redevelopment opportunity is $1,350,000. This is an exceptional chance to acquire a strategically positioned property in a thriving New Hampshire market, offering significant potential for future development and substantial return on investment. The property's location in Hillsborough County, with a Nashua, NH 03063 zip code, provides easy access to major transportation routes and a strong local economy.

• CAP approach

  CAP return

  Valuation

  6%

  $127,593

  6.5%

  $117,778

  7%

  $109,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $172,863

  Geo Method

  $172,863

• Alternative Use

  Use

  Valuation

  Residential

  $99,351

  Hospitality

  $91,005

  Educational

  $75,715

  Medical

  $78,319

  Retail

  $117,778

Location Insight

City

Nashua

County

Hillsborough

State

New Hampshire

Latitude

42.8025

Longitude

-71.5379

CBSA code

31700

CBSA name

MANCHESTER-NASHUA, NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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