Neighborhood: Multi Family Redevelopment Opportunity
State: New Hampshire
Fully permitted multi family redevelopment opportunity in Antrim, NH. The seller has completed much of the groundwork to make this a shovel ready project for the next owner! This site has 3 parcels of land +/- 2.95 acres with a fully permitted 36-unit Low Income Housing Development Opportunity and a +/- 56,438 mill building. The is ample opportunity to add commercial lease tenants on the property. There are 7 commercial tenants in place with cash flow and +/- 12,000 sf of commercial space can be finished off and leased. Studies have shown that there is strong demand for housing in the Antrim area. Seller has worked with the Town of Antrim who has been very supportive of the project. They would likely be flexible with site plan modifications. Highlights: -Permitted for 36 residential apartments -Designated ERZ, economic revitalization zone -Historic registered property so renovation / construction received 20% tax credit if done to historic standards. No restrictions if not pursuing the tax credits. -Development work completed: site plan, civil engineering construction drawings, Shoreland permit, environmental study, geotechnical analysis, structural engineering studies, solar studies, historic monument registration and part 1 approval for a historic tax credit project, 4% LIHTC award.
3,781 Sq ft
4,840 Sq ft
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