0 Mitchell Rd Nottingham, NH 03290
This exceptional 40-acre parcel in Nottingham, New Hampshire presents a unique investment opportunity. Zoned R-AG RES/AGR DIST, the property boasts 13 approved 2+ acre building lots, perfect for residential development. Two lots are conveniently situated on scenic Mitchell Road, offering picturesque settings for future homes. Construction is underway on Stone Grey Road, providing immediate access to several lots. The existing road is sold "as is," and prospective buyers are responsible for conducting their own due diligence with the Town of Nottingham. This prime location offers unparalleled convenience, situated minutes from the vibrant town of Dover, NH, and the energetic University of New Hampshire campus in Durham, NH. Portsmouth, NH is approximately 23 miles away, providing easy access to coastal amenities. The property's proximity to the Lee Traffic Circle ensures convenient commuting. The asking price is $1,495,000, translating to $37,375 per approved lot or $2,836 per acre. This represents a compelling opportunity for builders and developers seeking to capitalize on the high demand for residential properties in this desirable New Hampshire location. The land offers a blend of accessibility and tranquility, making it an ideal setting for a new residential community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.