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111 Chestnut Hill Rd - 105 Acres Southern New Hampshire Development 105 Acres of Residential Land in New Boston, NH 03070
Investment Highlights
- Advanced Entitlement Progress
- Significant investor risk reduction through recent variance and due diligence
- Located on the Bedford and Amherst town lines.
- Commercial by right use with a residential variance for more options
Executive Summary
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.
Property Facts
1 Lot Available
Lot 254 10 0
| Lot Size | 105.00 AC |
| Lot Size | 105.00 AC |
±104.7 acres of contiguous land Frontage on Chestnut Hill Road Located in Small Scale Planned Commercial (COM) District Conceptual plan supports: ~72 senior residential units ~35 workforce / assisted housing units
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.
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111 Chestnut Hill Rd - 105 Acres Southern New Hampshire Development
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