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      64 RIVER StreetRochester, NH 03867MLS Number 4692355

      • Price: $550,000The price has recently decreased
      • Est. Mortgage of $/month
      • 71 Days on Market
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      Price Down Payment Interest Rate Years
      %

      Est. Mortgage: $/month

      Federal 30-year interest rate: 4.52% last updated on 2018-07-19

      This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

      • 5.25Acreage
      • R2Zoning

      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.

      Listed by Jamieson Duston of Bean Group / Portsmouth

      Driving Directions

      Mariner Realty

      Your Local Office

      Mariner Realty
      54 Main Street
      Durham NH, 03824

      Office: 603-868-5600

      More Info

      Basic Information

      • Date Listed05/12/2018
      • StatusACT
      • p mod date time2018-05-12T20:50:00
      • Property TypeLand
      • Modification Date05/12/2018
      • Agent NameDuston
      • Block32
      • Broker NameBean Group / Portsmouth
      • List Price$550,000
      • MLS Number4692355

      Location

      • Building Number64
      • StreetRIVER
      • TownRochester
      • StateNH
      • Zip03867
      • CountyStrafford
      • Flood ZoneUnknown

      Property

      • Acreage5.25
      • Square Feet228690
      • TopographyCity Lot, River, River Frontage, Water View

      Utilities

      • WaterPublic Water - On-Site
      • ElectricUnderground
      • SewerPublic Sewer On-Site

      Photos

      • Number of Photos10

      Other

      • AVMYes
      • RoadsPublic
      • Delayed ShowingsNo
      • View Count10

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      Copyright 2018 Northern New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate for sale on this web site comes in part from the IDX Program of NEREN. Subject to errors, omissions, prior sale, change or withdrawal without notice. This web site is updated daily.

       

       

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