453 Route 4, Enfield, NH

This 43-acre property in Enfield, New Hampshire, offers flexible mixed-use zoning suitable for various purposes. Residential development is permitted at a density of approximately 13 units per acre, with a minimum lot size of 15,000 square feet and allowances for Accessory Dwelling Units (ADU) without residency requirements. A residential concept plan envisions 174 units of multi-family dwellings, townhomes, or single-family lots. The site features southerly gentle grades, a confined wetland area, and views of the surrounding hills. It is located 15 minutes from Dartmouth College and the Medical Center. A recently adopted Tax Increment Financing (TIF) plan may provide support for on- and off-site improvements, with quick town approvals anticipated. The location is ideal, as the adjacent town of Lebanon has limited capacity for single-family development, and Hanover is largely built out. Comparable house sites within 5 minutes of the subject property range from $130,000 to $400,000. Retail and industrial uses are permitted by right, and town planners are interested in providing needed retail services to this underserved town. The property is the only known feasible site in the market for retail and the seller will consider subdivision. A recently funded TIF district is in place, potentially offering on-site funding. Adequate capacity for water and sewer services is available. Enfield provides access to four-season recreational amenities, including the Montcalm Golf Course, Lake Mascoma, 1000 acres of open space, and Whaleback Ski Hill. Sunapee Lake and Killington are within a 30-minute drive, and Dartmouth Campus, the Medical Center, and downtown Hanover are 15 minutes away. Due to zoning limitations, infrastructure constraints, and hilly terrain, there are few other growth options outside the core area of the Upper Valley. This is the only site within 20+ miles feasible for a detached housing project or neighborhood retail due to the lack of proper zoning and municipal water and sewer in other locations.