463 Us-4 Enfield, NH 03748
- Land
- 243.00 lot acres
Current Use by Public Records
- Land
Property Details for 463 Us-4
- Lot size
- 243.00 lot acres
- Property type
- Land
Description
This exceptional 243-acre property presents a unique investment opportunity in Enfield, New Hampshire. Comprising 43 acres in Enfield and 200 acres in Canaan, this expansive land parcel offers significant development potential due to its mixed and unzoned nature. The Enfield portion is zoned for most uses, including residential, with a permitted density of 13 units per acre and access to town water and sewer. The Canaan portion is unzoned, providing additional flexibility. Located just 15 minutes from Dartmouth-Hitchcock Medical Center and 20 minutes from Dartmouth College, this location benefits from the high growth area fueled by the biotech and medical sectors. The area experiences high demand for all uses, with limited competing sites. The property's strategic location also provides proximity to recreational amenities, including a ski hill, golf course, lake, and conservation park, enhancing its appeal. The asking price is $4,050,000, translating to a low per-acre cost of $16,500. The town's supportive attitude towards development, including potential for Tax Increment Financing (TIF) for on or off-site improvements, further strengthens this investment proposition. Comparable single-family lots in the area sell for $130,000 to $300,000, reflecting the high demand and low inventory. This presents a compelling opportunity for developers seeking to capitalize on the area's growth and limited supply of developed land.
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
- Enfield
- County
- Grafton
- State
- New Hampshire
- Longitude
- -72.1276
- Latitude
- 43.6427
