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Listed by Kenneth Leva • Gibson Sotheby's International Realty • Phone: 978-877-8194
$1
Est. payment /mo
105 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5093798
Annual Tax Amount $2,025
Lot Size 105.000 Acres
Acres 105.0
Property Description
111 Chestnut Hill Road | New Boston, NH 105 Acre Residential Development Opportunity Exceptional opportunity to acquire a 105 acre development site in New Boston, NH with significant entitlement and due diligence work already completed. Located within the Small Scale Commercial District, the property has secured a zoning variance permitting age-restricted housing, with no known appeals currently pending. Current conceptual plans support approximately 107 residential units, consisting of 72 senior housing units and 35 workforce housing units, creating a unique opportunity to address two of New Hampshire's most in-demand housing segments. Extensive project planning and analysis have already been completed, including conceptual engineering, septic feasibility studies, well siting evaluations, wetlands delineation, topographic surveys, soil investigations, environmental reviews, traffic studies, and cultural resource assessments. A traffic impact study concluded that no improvements to Chestnut Hill Road are warranted for the proposed development. The project also benefits from a favorable regulatory environment, including recent New Hampshire housing legislation encouraging multifamily development within commercial districts and reducing parking requirements for residential projects. Key highlights include: • 105± acres in a desirable Southern New Hampshire location • Zoning variance approved for senior housing development • Conceptual plan for 107 residential units • Extensive engineering, environmental, and feasibility work completed • Traffic study completed with favorable findings • Significant advancement through the entitlement process The project is currently progressing through the municipal and state permitting process, offering developers the opportunity to acquire a large-scale residential development with substantial groundwork already completed while maintaining flexibility to refine the final product and approval strategy. Comm use by right.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning COM
Exterior
Utilities Available Other
Building
Sewer Private Available, Septic Design Available, Soil Test Available
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