Prime Redevelopment Opportunity in Alton, NH Discover this exceptional parcel with significant redevelopment potential at the intersection of NH Route 28 (Suncook Valley Rd) and NH Route 11 (Alton Circle). Zoned Residential Commercial, this site offers a versatile blend of residential and commercial possibilities in a prime location. With 1. 9 buildable acres (lot is 4. 5 acres), the site provides ample space for expansion, while the wetlands create a natural buffer. The property features road frontage with sidewalk and river frontage on the Merrymeeting River for launching kayaks and canoes. The property includes a 2, 500 +/- sq. ft. one level building, originally built as a single-family home in 1955. The building was renovated in 2018 into a commercial retail space, now comprised of one bathroom with plumbing and electrical setup for a kitchen. It has a metal roof, vinyl siding, dirt parking lot with 18 approved parking spaces, public water, 2018 new septic system, central air, and propane heating. Currently leased to a successful live bait & tackle shop with kayak & canoe rental business, this property provides immediate income while planning future developments. Ideal for developers seeking to create a commercial hub, mixed-use development, or residential community. This is an occupied building and an appointment is necessary. Please DO NOT ENTER the property without an appointment.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $520,000 | $520,000 | $520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $436 | $436 | $436 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,160 | $3,160 | $4,109 |
Total Monthly Payment | $3,688 | $3,688 | $4,637 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.