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Large Acreage with Development Potential
For Sale
$1,500,000

373 Calef Hwy, Lee, NH 03861

125+ acre parcel with river frontage in desirable location.

Property SizeContact for details
Lot Size125.37 Acres
Days on Market254

Property Features for 373 Calef Hwy

General Information

Standard status Active
Lot size 125.37 Acres
Property subtype Land
Listing Agency:
Listed By: Kristin Grenon
Source: Elliman
Added: Nov 28, 2025 Changed: Aug 8 Last Checked: Jul 15 at 10:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kristin Grenon

Investment Insights

Based on property information with market context.

This 125.37-acre parcel, available for the first time, is located in Lee and comprised of five adjoining lots. The property features river frontage on the Little River and wooded areas. It includes a gravel driveway with a metal gate, a cleared area with a small pond, and a few shed-type structures. A small gated area contains a cell tower maintained by SBA Communications, which has a permanent easement and contributes a significant amount towards the property taxes. The other four lots are in Current Use. The acreage is suitable for a single mega-homesite or multiple homes, subject to permitting. Light commercial use may also be possible with a variance, although the property is currently zoned for residential use. The location offers a convenient commute and good proximity to the Seacoast.

Key Highlights

  • 125.37 acre parcel comprised of five adjoining lots.
  • River frontage on the Little River.
  • Potential for single mega‑homesite or multiple home development (with permitting).

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Real Estate Agency Auto Parts Store Electrical Service Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

159
Businesses Nearby

Demographics for 03861, NH

4,499
Population
1,890
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
98%
High-School Grad
19.7 sq mi
ZIP Area
228
Density / Sq Mi
$140,321
Median Household Income
$62,908
Median Earnings
$1,061
Median Rent
$449,300
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Land - 125+ acre parcel with river frontage in desirable location.
Where is this land located?
The property is located at 373 Calef Hwy Lee, NH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 125.37 acre parcel comprised of five adjoining lots.; River frontage on the Little River.; Potential for single mega‑homesite or multiple home development (with permitting).
More about this property
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