21 Cross St | Newport, NH 03773
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- LoopNet Team
21 Cross St
Newport, NH 03773
Approved 55-Unit Multifamily Development Site · Land For Sale
·
8.80 AC
INVESTMENT HIGHLIGHTS
- Walk to downtown Newport
- Severe housing shortage in NH, especially in this region
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 8.80 AC |
| Property Subtype | Commercial | No. Stories | 2 |
| Proposed Use | Apartment Units | ||
| Zoning | Ind-Light Commercial - All local zoning approvals in place. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 8.80 AC |
| No. Stories | 2 |
| Zoning | Ind-Light Commercial - All local zoning approvals in place. |
DESCRIPTION
Gently sloping site located alongside the Sugar River in Newport, NH. Owner will sell the site with all local approvals for a 30-unit apartment building, in place. Water, sewer are on site. No impact fees. Site is walking distance from downtown Newport. Property also qualifies for real estate tax relief pursuant to NH RSA 79-E. Will be ready for a spring 2022 build.
PROPERTY TAXES
| Parcel Number | NWPT-000114-032000 | Improvements Assessment | $44,400 |
| Land Assessment | $290,500 | Total Assessment | $334,900 |
PROPERTY TAXES
Parcel Number
NWPT-000114-032000
Land Assessment
$290,500
Improvements Assessment
$44,400
Total Assessment
$334,900
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