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77 New Salem St - Ready for Construction - 48 Multifamily Units 1.94 Acres of Commercial Land Offered at $2,754,138 CAD in Laconia, NH 03246
Investment Highlights
- Level Lot
- Approvals in Place
- In Town Location
Executive Summary
An exceptional investment and development opportunity in the heart of the Lakes Region. This downtown Laconia parcel is approved for a 48-unit multifamily residential development and is being offered with a complete set of engineering and architectural plans, allowing a buyer to move directly into the construction phase.
The project has received City approvals, significantly reducing entitlement risk and timeline. The thoughtfully designed plans maximize unit count and efficiency while complementing the surrounding downtown fabric. Located just minutes from Main Street, 3 lakes, marinas, shops, restaurants and year-round recreation, this site offers strong demand drivers for both renters and investors.
Highlights:
City-approved for 48 multifamily units
Full architectural & engineering plans included
Downtown Laconia, NH – core Lakes Region location
Walkable to shops, dining, waterfront & attractions
Excellent market for workforce, seasonal & long-term rentals
Rare “shovel-ready” opportunity with major due diligence completed
Whether you’re a regional developer or institutional investor, this is a rare chance to secure a build-ready multifamily project in one of New Hampshire’s strongest lifestyle markets.
The project has received City approvals, significantly reducing entitlement risk and timeline. The thoughtfully designed plans maximize unit count and efficiency while complementing the surrounding downtown fabric. Located just minutes from Main Street, 3 lakes, marinas, shops, restaurants and year-round recreation, this site offers strong demand drivers for both renters and investors.
Highlights:
City-approved for 48 multifamily units
Full architectural & engineering plans included
Downtown Laconia, NH – core Lakes Region location
Walkable to shops, dining, waterfront & attractions
Excellent market for workforce, seasonal & long-term rentals
Rare “shovel-ready” opportunity with major due diligence completed
Whether you’re a regional developer or institutional investor, this is a rare chance to secure a build-ready multifamily project in one of New Hampshire’s strongest lifestyle markets.
Property Facts
| Price | $2,754,138 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.94 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | Urban Commercial - Urban Commercial | ||
| Price | $2,754,138 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.94 AC |
| Opportunity Zone |
Yes |
| Zoning | Urban Commercial - Urban Commercial |
1 Lot Available
Lot 433
| Price | $2,754,138 CAD | Lot Size | 1.94 AC |
| Price Per AC | $1,419,658.52 CAD |
| Price | $2,754,138 CAD |
| Price Per AC | $1,419,658.52 CAD |
| Lot Size | 1.94 AC |
3 Lots of Record (77 & 96 New Salem Street, New Salem Street). Level in town lot. Ready for development. Water and sewer at street.
1 1
Somewhat walkable
30/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $178,476 CAD | |
| Land Assessment | $409,494 CAD | Total Assessment | $587,970 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$409,494 CAD
Improvements Assessment
$178,476 CAD
Total Assessment
$587,970 CAD
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Presented by
Sally Cormier
77 New Salem St - Ready for Construction - 48 Multifamily Units
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