List Price: $150,000 | 0.02 Acres | Price Per Acre $0 Land

Listed Wednesday Jun 12, 2024 | MLS# 5000024


Underpriced pre-existing multifamily lot in the heart of downtown. Purchase this property as a package with MLS #4995411. The new owner could increase the lot size and boundary lines with the property next door, to fit a larger new structure. Alternatively fix the existing structure with low costs due to its small size. The property is in need of extensive rehab, but could be an opportunity as a brrrr candidate. Downtown commercial zoning offers no setback requirements and relaxed density requirements for potential additional units. This is the perfect candidate to reap the incredible benefits of a qualified opportunity fund, and local 79E tax benefits. Located in up and coming Rochester, the largest city in the Seacoast region by land-mass and population. Embrace a unique investment opportunity in a city brimming with development activity, with major projects like the ridge expansion and the Hoffman project, solidifying its position as the leading seacoast city for construction starts. Offers as a package will take precedence.
Lot Description: City Lot
Lot Size: 0.02 acres
Zoned: DC)
Surveyed: Unk
Flood Zone: No
Land Services
Roads: Paved
Electric: 100 Amp
Water: Public
Sewer: Public


Block - 0382
Taxes $0
Assesed Value Not Reported
Schools

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