388 Loudon Road Concord, NH

$1,099,000
Acres 2.21
Photo of 388 Loudon Road Concord NH 03301




Description

PRICE IMPROVEMENT! RARE Prime level lot on Loudon Road just waiting to be redeveloped, not many more lots like this on Loudon Road. Existing building was operated as the popular "Pit Road Lounge", and now it's waiting for a new owner to fix it up and get it back into business.... OR redevelop this prime level lot on Loudon Road for a new use. Located on highly traveled commercial hub Loudon Road where the vast majority of chain stores and restaurants are located. Great location for Medical, Retail, Restaurant with or without drive-through, Medical / Clinic, Retail establishment, Child/Adult care, Dance/Music school and so forth. Location is everything! Near all of the commercial box stores including WalMart. Harbor Freight, Dicks, Sams Club as well as chain restaurants including Texas Roadhouse, Chipotles and Popeyes to name a few. New housing projects include the planned repurposing of The Steeplegate Mall just a mile away, as well as the new Catch Housing around the corner on Sheep Davis Road; as a result this end of Loudon Road will be even more heavily trafficked with potential customers for business at this location. Seller is willing to share information concerning preliminary site investigation with plans prepared for automotive repair use. TRAFFIC COUNT: Roughly 11k VPD, and on Sheep Davis Road (Route 106, just a quarter mile away) 14k+ VPD. Route 393 is .3 miles away.


Listed by Granite Rose Real Estate, LLC, Rose Culver 603-496-0034

Details

MLS 5002794
Price $1,099,000
Status Active
DOM 170 days
Type Commercial
Lot Size 2.21 acres
Year Built 1951
Taxes Paid $16,272

Lot & Building Features

Utilities Cable - At Site, Gas - Underground
Construction Masonry
Sewer On-Site Septic Exists, Public Sewer at Street
Tax Year 2023
Taxes Paid $16,272
Water On-Site Well Exists, Public Water - At Street
Basement Description Stairs - Interior
Lot Description Level, Major Road Frontage
Roof Shingle - Asphalt

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Financing

$
20%
1.480618744313%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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