MLS Number 4772876
- Year Built 1910
- Acreage 1.93
Highly visible redevelopment site, consisting of Lots 41 and 43, for sale. The site is located at the busy lighted intersection of Columbus Avenue/Route 125 and Old Dover Road, with 14,260+/- VPS per NHDOT (2018). Lot 41 is the largest lot consisting of 1.72+/- acres. The two story Merchants Plaza building sits on this lot and consists of multiple office suites. Its main occupant is TD Bank and the part of the building it occupies is on Lot 42, which is exempt from the sale. TD Bank has a right of first refusal to purchase Lot 41, and is entitled to ten parking spaces via an access easement, for which they pay 40% of all CAM charges on the property. For this offering, the site has been combined with Lot 43, which is comprised of the land and a former ice cream shop at 682 Columbus Avenue (Route 125) for a total land area of 1.92+/- acres. The former ice cream shop comes with all of the original equipment and has an approved use for food services. This site has easy access off the Spaulding Turnpike via Exits 11 or 12, creating a short 20 minute drive to Portsmouth and Pease International Tradeport.
Listed by Abby Morneault and David Choate of Colliers International