Bought with Andrew W White • RE/MAX Innovative Properties
$3,000,000
$3,000,000
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53.57 Acres Lot
SOLD DATE : 08/23/2023
Key Details
Sold Price $3,000,000
Property Type Commercial
Sub Type Development,Land,Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4966753
Sold Date 08/23/23
Lot Size 53.570 Acres
Acres 53.57
Property Description
This is a rare opportunity for developers and investors. This 53.57 acre property has been approved for a 70 unit 55+ duplex condominium development. Sixty-four (32 duplex) unit sites are currently offered, ready to move forward with a minimal amount of infrastructure to be completed. The water system is complete and operating. Sewer, gas lines and underground electric conduits are installed to each site. Phase one, with ten remaining units to be built, is ready for construction. Start immediate construction and reserve units with non-binding reservations until the new developer obtains NH Attorney General approval. The property is just minutes from Exit 20 off I-93 in the beautiful and ever popular Lakes Region of New Hampshire. Close to all amenities, banks, supermarkets, and less than two miles from the hospital. Total land and infrastructure costs $47,000 per living unit. Virtually impossible to top that anywhere!
Location
State NH
County Nh-merrimack
Area Nh-Merrimack
Zoning R-1
Exterior
Utilities Available Gas - At Street, Gas - On-Site
Building
Lot Description Conserved Land, Country Setting, Curbing, Deed Restricted, Rolling, Sidewalks, Subdivision
Sewer Public, Public Sewer at Street
Water Community, Drilled Well, Private
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