Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    May St Canaan, NH 03741

    Sponsored
    For Sale
    $1,900,000

    Prime NH Land: Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 201-acre commercial land parcel in Canaan, New Hampshire (03741), presents a unique investment opportunity. Boasting high ground and scenic southerly views, this property offers unparalleled versatility. Located just 15 minutes from Hanover via country roads and 20 minutes from Lebanon and its medical center, the location is ideal. Importantly, the land is currently unzoned, with usage subject to select board review. Potential uses are diverse and include residential development, industrial applications, a mobile home park, solar energy projects, or any combination thereof. The strategic location, coupled with the absence of restrictive zoning, positions this property for significant growth potential. Consider the value proposition: comparable house lots in neighboring Hanover command $300,000, making this a compelling bargain. Hanover's limited availability and high prices, along with restrictive zoning, further enhance this land's appeal. Recreational amenities abound, including a nearby ski slope, a world-class public golf course, the desirable Mascoma Lake, a 1000-acre open space with trails, and the convenient "rail trail" for biking. An adjacent 43-acre parcel in Enfield is available for acquisition, creating a rare and expansive development opportunity. Access is provided via a Class 6 road or a deeded right-of-way off Route 4. The asking price is $1,900,000.

    Property Features for 0 May St

    General Information

    Property type
    Land

    HighLights

    • 201‑acre parcel offering scenic southerly views, situated on high ground.
    • Conveniently located, 15 minutes to Hanover via country roads, and 20 minutes to Lebanon and its medical center.
    • Unzoned, subject to Select Board review; suitable for residential, industrial, mobile home park, solar, or mixed‑use development.
    • Exceptional value, considering comparable Hanover lots sell for $300,000; represents a significant opportunity given Hanover's limited availability and restrictive zoning.
    • Prime location near recreational amenities including a ski slope, golf course, Mascoma Lake, 1,000‑acre open space with trails, and the rail trail.
    • 43‑acre adjacent parcel in Enfield available for combined acquisition, creating a unique large‑scale development opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Canaan
    County
    Grafton
    State
    New Hampshire
    Longitude
    -72.1422618
    Latitude
    43.6524968

    Nearby Comparable

    • $4,050,000
      243.00 Acres

      Prime 243-Acre NH Development Land

      Enfield, NH: Mixed-use potential, near Dartmouth.
      463 Us-4, Enfield, NH 03748
      View Details
    • $1,450,000

      Enfield Warehouse with Drive-Through Access

      Warehouse with drive-in/drive-out access, offices, and ample parking.
      479 Us Route 4, Enfield, NH 03748
      View Details
    • $1,750,000
      2,460 SF

      Turnkey Car Wash on 1.2 Acres

      Modern car wash with high visibility and growth potential.
      572 Us-4, Enfield, NH
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      119 Pauls Pl, Enfield, NH 03748
      View Details
    • $1,750,000
      1.20 Acres

      New Touchless Car Wash For Sale

      Turnkey car wash built in 2022 with real estate.
      572 Rt. 4, Enfield, NH 03748
      View Details
    • $795,000

      Permitted Auto Salvage Business

      Auto salvage business with transferrable permit, garage, and office.
      1415 Rte, Enfield, NH 03748
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      118 Pauls Pl, Enfield, NH 03748
      View Details
    • $295,000
      9.30 Acres

      Lebanon Land Near Rail Trail

      9+ acres near rail trail, Mascoma Lake, and Dartmouth.
      510 Dartmouth College Hwy, Lebanon, NH 03766
      View Details

    Nearby Similar for Sale

    • $150,000

      Triplex in Canaan Ready for Renovation

      Three-unit multi-family property in Canaan needing renovation due to fire and water damage.
      546 Canaan St, Canaan, NH 03741
      View Details
    • $99,900

      Canaan Laundromat Business for Sale

      Established Laundromat, Turn-Key Operation
      1182 Us Route 4, Canaan, NH 03741
      View Details
    • $210,000
      1,520 SF

      Canaan Commercial Kitchen Opportunity

      Established Bakery, Updated Equipment
      1194 Us Route 4, Canaan, NH 03741
      View Details

    FAQs

    What type of property is this?
    Land - Prime NH Land: Development Opportunity
    Where is this land located?
    The property is located at May St Canaan, NH.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 201-acre parcel offering scenic southerly views, situated on high ground.; Conveniently located, 15 minutes to Hanover via country roads, and 20 minutes to Lebanon and its medical center.; Unzoned, subject to Select Board review; suitable for residential, industrial, mobile home park, solar, or mixed-use development.
    Request Owner's contact information
    May St Canaan, NH 03741
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    May St
    Canaan, NH 03741
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    May St Canaan, NH 03741
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.