Located at the busy intersection of NH Route 28 (Suncook Valley Rd) and NH Route 11 (Alton Circle), this 1. 9-acre parcel (4. 5 acres total) offers exceptional redevelopment potential in a highly visible and accessible location. Zoned for Residential Commercial use, this site is ideal for enhancing local services, such as banks, pharmacies, restaurants, recreational or small retail shops, which are in high demand in the area. While the property sits just off the Alton Circle, convenient access is available via the existing driveway, which allows both left and right turns out of the property. The site offers significant frontage with a sidewalk and natural wetland buffer, along with frontage on the Merrymeeting River, perfect for kayak and canoe launches, adding recreational appeal to the location. The property includes a 2, 500 +/- sq. ft. single-story building, originally built as a residence in 1955 and fully renovated into commercial space in 2018. The building features one bathroom, with plumbing and electrical hookups for a kitchen, along with a metal roof, vinyl siding, dirt parking lot with 18 approved spaces, public water, a 2018 septic system, central air, and propane heating. Currently leased to a thriving bait and tackle shop with kayak and canoe rentals, this property generates immediate rental income while offering developers the opportunity to transform it into a commercial hub for Alton. Tenant's business is not included—only the land and structures are for sale.
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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** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $436 | $436 | $436 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,460 | $3,456 | $4,385 |
Total Monthly Payment | $3,988 | $3,984 | $4,913 |
* 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.