1377 Hooksett Road, Hooksett, NH 03106

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David M. G.

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Building Details:

1377 Hooksett Road is aland property for lease in Hooksett, NH.

This is a former Mobile Home park which has been de-activated and cleaned up to become vacant land. Great frontage on Rt 3, with performance zone zoning. Seller has completed initial work with ZBA for approvals for 48 units of Multi Family housing, with Commercial uses on the front half of the site. See attached ZBA letter. There are attached concept plans for three different options, all of which are viable economically. One of the concepts includes an extended stay motel, which is a commercial use for the front section, while multifamily apartments can be built in the rear. The market for extended stay motels is very strong in this area, and the financial model works. (Guests can only stay 89 days, once they are greater than 90 they become tenants). Planning board approvals were not obtained at this time, but there have been conversations with the board about the project. There is water and sewer available and property is serviced by 3 Phase power. There are many hundreds of rooftops surrounding the property, with several developments around it.

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