218 Jericho Road, Berlin, NH, 05370 | $1,400,000

Exceptional redevelopment parcel located in Berlin, NH, a rapidly growing four-season recreational destination. This property is the former site of the Bass Shoe Factory; the building has been fully razed, and Phase I and Phase II Environmental Studies have been completed, providing valuable due diligence for future development. The former gravel pit has been removed, leaving a cleared site ready for new construction. In addition, there are two warehouse buildings on the site. The parcel is ideally suited for a hotel or hospitality development, serving the area’s strong and expanding tourism market. Berlin is a hub for snowmobiling, ATV riding, skiing, hiking, and paddling, with direct access to extensive trail systems and close proximity to the White Mountains. Increasing visitor traffic and year-round recreation demand make this a compelling opportunity for developers, investors, or operators seeking a strategic location in northern New Hampshire. A rare chance to develop in a community focused on outdoor recreation, economic growth, and revitalization.

Features

  • Zoning: JG
  • Frontage: 1536
  • Lot Desc: Near Skiing,Near Snowmobile Trails,Near Railroad,Level,Major Road Frontage,Near ATV Trail
  • MLS#: 5076253
  • Website: https://www.raveis.com
    /prop/5076253/218jerichoroad_berlin_nh?source=qrflyer
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Jennifer CarretoVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 829975

860.990.4029

Jennifer.Carreto@raveis.com

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218 Jericho Road, Berlin, NH, 05370

$1,400,000

Burgio Sousa Team

Sales Associates

William Raveis Real Estate

Phone: 860.983.0457

BurgioSousaTeam@raveis.com

Jennifer Carreto

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.990.4029

Jennifer.Carreto@raveis.com

NMLS Mortgage Loan Originator ID 829975

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,120,000 $1,120,000 $1,120,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.250% 5.875% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.069% 6.031% 5.846%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,185 $6,625 $9,226
Total Monthly Payment $6,310 $6,750 $9,351

* 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.