64 River Street

    Rochester, NH 03867
    • $550,000
    • STATUS: Active
    • ON SITE: 69 days
    • MLS #: 4692355
    UPDATED: 38 min ago
    $550,000
    • 0
      BEDS
    • 5.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Courtesy of Jamieson Duston of Bean Group / Portsmouth

    Description

    Fownes Mill Condominiums is a three-phase project located on a 5.59 acre parcel in downtown Rochester, with roughly 1,000 feet of frontage on the Cocheco River. The project consists of 3 major phases. Phase I has been completed and sold off. This offering is for Phase III, which consists of 80 age restricted (55+) garden style units to be built in a single 4-story mill style building with 51 parking spaces in the ground level. The building was originally approved for 51 market rate garden style units (as shown on the site plan), but the developer received approval in 2011 for the 80 age restricted units, which require only 1 parking space per unit. Beyond the 51 parking spaces below the building, there is to be a surface lot adjacent to the building with an additional 51 parking spaces. No construction work has been done for Phase III but public water and sewer is available at the site. This is very attractive offering for an investor or developer looking for a signature waterfront property in a busy downtown district, with the potential to expand into Phase II, which consists of eleven (11) 1,300 SF townhouse units to be built, each with a one car garage under. Phase II is to be built in two separate buildings and the foundations and slabs for the two buildings have been poured, but no further construction activity has taken place.

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    © Copyright 2018 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-07-21T07:06:42.077.
    www.lajoiehometeam.com/homes/83531938

    64 River Street Rochester, NH 03867

    • Price: $550,000
    • Status: Active
    • Updated: 38 min ago
    • MLS #: 4692355
    0
    Beds
    0
    Baths
    0
    ½ Baths
    5.25
    Acres
    County:
    Strafford
    Area:
    Rochester
    Property Description
    Fownes Mill Condominiums is a three-phase project located on a 5.59 acre parcel in downtown Rochester, with roughly 1,000 feet of frontage on the Cocheco River. The project consists of 3 major phases. Phase I has been completed and sold off. This offering is for Phase III, which consists of 80 age restricted (55+) garden style units to be built in a single 4-story mill style building with 51 parking spaces in the ground level. The building was originally approved for 51 market rate garden style units (as shown on the site plan), but the developer received approval in 2011 for the 80 age restricted units, which require only 1 parking space per unit. Beyond the 51 parking spaces below the building, there is to be a surface lot adjacent to the building with an additional 51 parking spaces. No construction work has been done for Phase III but public water and sewer is available at the site. This is very attractive offering for an investor or developer looking for a signature waterfront property in a busy downtown district, with the potential to expand into Phase II, which consists of eleven (11) 1,300 SF townhouse units to be built, each with a one car garage under. Phase II is to be built in two separate buildings and the foundations and slabs for the two buildings have been poured, but no further construction activity has taken place.
    Exterior Features

    Lot Description City LotRiverRiver FrontageWater View Road Frontage Tbd Roads Public

    Property Features

    Block 0032 Covenants Unknown Easements Yes Electric Underground Flood Zone Unknown Lot Number 0000 Resort No Sewer Public Sewer On-Site Surveyed Yes Tax Gross Amount 2319 Taxes Tbd No Water Public Water - On-Site Zoning R2

    Courtesy of Jamieson Duston of Bean Group / Portsmouth.
    © Copyright 2018 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-07-21T07:06:42.077.
     
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    Courtesy of Jamieson Duston of Bean Group / Portsmouth