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Fownes Mill Condominiums is a three-phase project located on a 5.59± acre parcel in downtown Rochester, with roughly 1,000 feet of frontage on the Cocheco River. The project consists of 3 major phases. Phase I has been completed and sold off. This offering is for Phase II, which consists of eleven (11) 1,300± SF townhouse units to be built - each with a one car garage under and room for another car in the driveway. This Phase is to be built in two separate buildings situated between Gagne Street and the Cocheco River. The foundations and slabs for the 2 buildings have been poured, but no further construction activity has taken place. The project is served by public water and sewer. The initial approvals for the project were obtained in 2006, and the early focus was on getting Phase I built and sold. Appropriate condominium documents and plans have been recorded in the Strafford County Registry of Deeds, with amendments as needed as units have been completed and sold. Under the By-Laws, separate sub-associations have been created for each phase. Additional condo documentation will be required for Phase II. This is very attractive offering for an investor or developer looking for a signature waterfront property with the expansion potential of Phase III, which consists of 80 age restricted (55+) garden style units to be built in a single 4-story mill style building.

Property Details of 21-41 FOWNES MILL Court

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Listed by Jamieson Duston of Bean Group / Portsmouth
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