978-842-5234
111 Chestnut Hill Rd, New Boston, NH for Sale
Residential LAND - FOR SALE
1/2
4,573,800 SF

111 Chestnut Hill Rd
New Boston, NH 03070


HIGHLIGHTS

  • Advanced Entitlement Progress
  • Located on the Bedford and Amherst town lines.
  • Significant investor risk reduction through recent variance and due diligence
  • Commercial by right use with a residential variance for more options

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

105 Acres Southern New Hampshire Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Planned Unit Development

LAND ACRES

105 AC

LAND SF

4,573,800 SF

OFFSITE IMPROVEMENTS

-

ZONING

small scale commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kenny LevaGibson Sothebeys International RealtyMore Info
978-842-5234

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Kenny LevaGibson Sothebeys International RealtyMore Info
978-842-5234

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.