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453 NH Rt. 4 Rt
Enfield, NH 03748
245 acres commercial/res. with utilities · Land For Sale
·
243.00 AC
INVESTMENT HIGHLIGHTS
- 245 acres for most uses. Water/sewer at street. 15 min to Dartmouth Medical center/biotech hub. 20 min to campus
- low land cost. Only large tract in market with comm/mf use and utilities.
- TIF district. Path of growth. 4 season recreational activities,
- Adj Hanover and Enfield comps 5x level of subject.
EXECUTIVE SUMMARY
43 acres. Flexible mixed use zoning for most uses. Utilities are at site. Residential allows @13 units/acre. ($6k per dwelling unit at full density). SF lot size min. is 15,000/sf. ADU allowed (no residency requirement) Residential concept for 174 units of MF/townhomes/SF lots. Southerly gentle grades, confined wetland area, views of area hills, 15 minutes to Dartmouth College or Medical Center. Several access points to Rt. 4. Recently adopted TIF plan for on/off site improvements potentially with supportive town. Quick town approvals. Adjacent Lebanon has limited ability to offer single family development. Hanover is built out. Comparable house sites within 5 minutes of subject range from $130- $400k. MF comps at 1/3rd of Lebanon. Adjacent Hanover among NH's highest incomes, home prices.
Retail, Industrial uses by right. Town planners desire needed retail services in this underserved town. Only know feasible site in market for retail. Will subdivide. Recently funded TIF district. Possible on site funding. Adequate capacity for water/sewer. Per Lebanon planning staff report there is a backlog of demand for additional R&D and BioTech regional growing companies (Dartmouth spin offs). There are few Commercial sites in Lebanon and start at $250,000/acre. This would be the largest and possibly only potential commercial site within more than a hour away of this size.
Path of growth. Enfield offers 4 season recreational amenities unmatched in the Upper Valley: World class Montcalm Golf Course, Lake Mascoma, 1000 acre open space, Whaleback Ski Hill. Within 30 minute drive is Sunapee Lake, Killington. 15 minutes to Dartmouth Campus, Medical Center and downtown Hanover.
Due to limiting zoning, infrastructure, and hilly terrain there essentially no other options for growth outside of core area of Upper Valley. Only site within 20+ miles that is feasible for detached housing project or neighborhood retail due to lack of proper zoning and municipal water/sewer
ADD ON. Adjacent 201+/- acres in Canaan which has NO ZONING. Use approved by site plan. Priced at just $10k per acre. Average soils, terrain. Some discussion with Enfield for sewer extension. Access option via ROW with 43 acre parcel onto Rt. 4. 201 acres high ground, scenic southerly views. 15 min. to Hanover by country roads. 20 to Lebanon and Medical Center. NO ZONING. Use by select board review. Possible uses: residential development, industrial, mobile home park, solar, or any combo. House lots in adjacent town of Hanover sell for $300,000, makes this a bargain,. In path of growth as Hanover is essentially built out, priced high, and restrictive zoning. Near most of area's recreational amenities: ski slope, world class public golf course, desirable Mascoma Lake, 1000 arce open space w/trails, the "rail trail" for biking etc. Adjacent 43 acres in Enfiield can be combined for rare development opportunity at bargain price. Access via class 6 rd or deeded right of way off Rt. 4
House lots in adj. town of Lebanon comp at $200+k
PROPERTY FACTS
1 LOT AVAILABLE
Lot 6-1
| Price | $5,968,200 CAD | Lot Size | 243.00 AC |
| Price Per AC | $24,560.49 CAD |
| Price | $5,968,200 CAD |
| Price Per AC | $24,560.49 CAD |
| Lot Size | 243.00 AC |
245 acres- high ground. southern exposure, distant views, contained wetland area, gradual grades. partly wooded. package 43 acres w/utilities zoned most uses. 200 ac. no zoning. Well priced. Only large dev land w/comm mf use in market
DESCRIPTION
Enfield and Canaan NH 15 minutes to Lebanon/Hanover home of Dartmouth Medical Center and College. Largest commercial site in region. Enfield 43 acres with watre/sewer at street. Multiple use zoning. Good site conditions. Canaan 200 acres. no zoning. Use by Selectmen review. High ground, gradual terrain. south facing. Adjacent parcels. 43 acres. Flexible mixed use zoning for most uses. Utilities are at site. Residential allows @13 units/acre. ($6k per dwelling unit at full density). SF lot size min. is 15,000/sf. ADU allowed (no residency requirement) Residential concept for 174 units of MF/townhomes/SF lots. Southerly gentle grades, confined wetland area, views of area hills, 15 minutes to Dartmouth College or Medical Center. Several access points to Rt. 4. Recently adopted TIF plan for on/off site improvements potentially with supportive town. Quick town approvals. Adjacent Lebanon has limited ability to offer single family development. Hanover is built out. Comparable house sites within 5 minutes of subject range from $130- $400k. MF comps at 1/3rd of Lebanon. Adjacent Hanover among NH's highest incomes, home prices. Retail, Industrial uses by right. Town planners desire needed retail services in this underserved town. Only know feasible site in market for retail. Will subdivide. Recently funded TIF district. Possible on site funding. Adequate capacity for water/sewer. Per Lebanon planning staff report there is a backlog of demand for additional R&D and BioTech regional growing companies (Dartmouth spin offs). There are few Commercial sites in Lebanon and start at $250,000/acre. This would be the largest and possibly only potential commercial site within more than a hour away of this size. Path of growth. Enfield offers 4 season recreational amenities unmatched in the Upper Valley: World class Montcalm Golf Course, Lake Mascoma, 1000 acre open space, Whaleback Ski Hill. Within 30 minute drive is Sunapee Lake, Killington. 15 minutes to Dartmouth Campus, Medical Center and downtown Hanover. Due to limiting zoning, infrastructure, and hilly terrain there essentially no other options for growth outside of core area of Upper Valley. Only site within 20+ miles that is feasible for detached housing project or neighborhood retail due to lack of proper zoning and municipal water/sewer ADD ON. Adjacent 201+/- acres in Canaan which has NO ZONING. Use approved by site plan. Priced at just $10k per acre. Average soils, terrain. Some discussion with Enfield for sewer extension. Access option via ROW with 43 acre parcel onto Rt. 4. 201 acres high ground, scenic southerly views. 15 min. to Hanover by country roads. 20 to Lebanon and Medical Center. NO ZONING. Use by select board review. Possible uses: residential development, industrial, mobile home park, solar, or any combo. House lots in adjacent town of Hanover sell for $300,000, makes this a bargain,. In path of growth as Hanover is essentially built out, priced high, and restrictive zoning. Near most of area's recreational amenities: ski slope, world class public golf course, desirable Mascoma Lake, 1000 arce open space w/trails, the "rail trail" for biking etc. Adjacent 43 acres in Enfiield can be combined for rare development opportunity at bargain price. Access via class 6 rd or deeded right of
