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    24 East Otterson St Nashua, NH 03060

    For Sale
    $1,550,000

    Approved 40-unit condo development opportunity in downtown Nashua.

    Lot size:
    0.47 Acres

    Property Features for 24 East Otterson St

    General Information

    Lot size
    0.47 Acres

    Source: William Raveis R.E. & Home Services Agent John F Sullivan III

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Condo Development Opportunity

    This 0.467-acre building lot is approved by the Nashua planning board for a 40-unit condominium/apartment building. The development consists of thirty-five one-bedroom units (950-1,020 sq ft), four two-bedroom units (1,530 sq ft), and one studio unit at (590 sq ft). The building design also includes 30 enclosed parking spaces on the ground level. The property is located in downtown Nashua, two blocks from Southern New Hampshire Medical Center, close to major shopping and public parking garages, and less than five minutes from Route 3. A 21e has been completed and is clean. Architectural and engineering plans, along with the 21e, are included with the sale.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashua
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.4600944
    Latitude
    42.7550725

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    FAQs

    What type of property is this?
    Land - Approved 40-unit condo development opportunity in downtown Nashua.
    Where is this land located?
    The property is located at 24 East Otterson St Nashua, NH.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: - Planning board approved for a 40-unit condominium/apartment building.; - Includes architectural and engineering plans, along with 21e.; - Prime downtown Nashua location, close to Southern New Hampshire Medical Center, shopping, and public parking.
    (978) 475-5100
    Request Owner's contact information
    24 East Otterson St Nashua, NH 03060
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    Nashua, NH 03060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 East Otterson St Nashua, NH 03060
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