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Large Acreage with Development Potential
For Sale
$1,400,000

373 Calef Hwy, Lee, NH 03861

125+ acre parcel with river frontage in desirable location.

Property SizeContact for details
Days on Market402

Property Features for 373 Calef Hwy

General Information

Standard status Active
Property subtype Land

Taxes and HOA fees

Annual Taxes $8,285
Listing Agency: EXP Realty
Listed By: Kristin Grenon
Source: Exprealty
Added: Sep 26, 2025 Changed: Oct 25 Last Checked: Nov 1 at 6:57AM

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 EXP Realty

Rey
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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

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Suggested Use

Top Pick Building Supply Parking Lot & Garage Auto Repair Shop Real Estate Agency Auto Parts Store Garden Center

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

15
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 $1,400,000.
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).
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