240 Main Street, Gorham, NH, 03581 | $749,000

VACANT LAND by the river ready for development All dwellings were demolished. Ready for new boutique development. Build you future business enterprise on this amazing piece of land. 129. 87 feet of Road Frontage, 2 driveways and 291 feet of River Frontage on the Scenic Androscoggin River. 2. 4 acres of pure beauty on this level Commercial site, (beautiful lilac trees edging on parts of the land) located on a high traffic count road on Rt. 16 directly in the beautiful town of Gorham NH. Mountain views that will delight you, nearby Gorham's Androscoggin Valley Golf Course, Wildcat Mountain, Mount Washington, shopping, dining, medical center and just miles from the Androscoggin Valley Hospital and the Community College. This is an exceptional property offering a harmonious blend of natural beauty and convenient location, making it an ideal for nature lovers, destination for outdoor enthusiasts and visionary investors alike. Whether you seek to create a private sanctuary, embark on thrilling adventures, or explore development possibilities, this remarkable landholding invites you to embrace the boundless opportunities that Gorham's stunning surroundings have to offer. ATV from the land to the trails. Come explore this wonderful piece of heaven!

Features

  • Zoning: CA
  • Frontage: 129
  • Lot Desc: Agricultural,City Lot,Country Setting,Deep Water Access,Landscaped,Level,Major Road Frontage,Neighbor Business,Recreational,River,River Frontage,Sidewalks,Ski Area,Street Lights,Trail/Near Trail,View,Water View,Waterfront,Beach Access
  • Water Front: Yes
  • Elem. School: Edward Fenn School
  • Middle School: Gorham Middle School
  • High School: Gorham High School
  • School District: Gorham School District SAU #20
  • MLS#: 4955957
  • Website: https://www.raveis.com
    /prop/4955957/240mainstreet_gorham_nh?source=qrflyer
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Listing courtesy of RE/MAX Northern Edge Realty LLC   Phone: 603-752-0003
Listing Agent: Debi Davis

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240 Main Street, Gorham, NH, 03581

$749,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $599,200 $599,200 $599,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.125% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.282% 6.538%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,088 $4,037 $5,138
Total Monthly Payment $4,180 $4,129 $5,230

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.