4 Old Boyce Rd, Canterbury, NH 03224
This exceptional 3.5-acre commercially-zoned parcel presents a remarkable investment opportunity in Canterbury, New Hampshire. Located at 4 Old Boyce Rd, 03224, this property boasts excellent visibility along well-traveled Hoit Road (US Route 4), directly across from a thriving retail complex anchored by Market Basket, HomeGoods, and other national brands. The parcel's strategic position near Exit 17 of I-93 ensures easy highway access, further enhancing its appeal. The asking price is $1,200,000, translating to $342,857 per acre. Cash sale is preferred. This largely below-grade, irregular-shaped lot, primarily situated in Canterbury with a small portion in Concord, offers significant potential for a variety of commercial uses, including a small supermarket, pharmacy, bank branch, or auto parts store. Its proximity to a planned 950-unit residential development adds to its long-term value. The property's location within Canterbury's Aquifer & Groundwater Protection District should be considered in development plans. The significant daily traffic volume (15-20,000 vehicles) on US Route 4 provides exceptional exposure. Manchester-Boston Regional Airport (MHT) is also conveniently accessible. The APN is 000267028000000000. This is a rare opportunity to acquire a high-visibility commercial property in a rapidly growing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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