76 Endicott Street, Laconia, NH, 03246 | $4,900,000

Directly across the street from the most recognized sign in the entire state of New Hampshire! Largest land parcel zoned C-R in the heart of Weirs Beach. This may be the best development site in the entire state. 12. 62 acres in the T. I. F. district with the possibility to subdivide. Extremely high visibility. C-R zoning allows a variety of commercial and residential uses. (See attached Permitted Uses). Perfect resort hotel or condo site - renderings available. Perfect 1031 exchange - full presentation offered to realtors, investors & developers. Develop your ideas on this iconic site. 100% construction financing available at interest only for as long as 3 to 5 years, offered by two major commercial banks. Year-round additional income. Other income sources include land leases, vendor leases, event leases, etc. Financials available on request. The paved portion of the entire site is less than 5 acres. The balance of the 12. 62 acres is wooded.

Features

  • Zoning: CR
  • Frontage: 78
  • Lot Desc: Near Railroad,Fenced
  • School District: Laconia Sch Dst SAU #30
  • MLS#: 4645783
  • Website: https://www.raveis.com
    /prop/4645783/76endicottstreet_laconia_nh?source=qrflyer
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Listing courtesy of RE/MAX Innovative Bayside   Phone: 603-279-0079
Listing Agent: Russell Poirier

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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978-337-3053

Paul.Berrios@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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76 Endicott Street, Laconia, NH, 03246

$4,900,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,920,000 $3,920,000 $3,920,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.769% 6.270% 5.864%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $21,951 $23,818 $32,290
Total Monthly Payment $22,076 $23,943 $32,415

* 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.