May St Canaan, NH 03741
- Land
Current Use by Public Records
- Land
Property Details for 0 May St
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canaan
- County
- Grafton
- State
- New Hampshire
- Longitude
- -72.1423
- Latitude
- 43.6525
