Current Use by Public Records
- Land
Property Details for 0 Banfield & Peverly Hl Rd
- Lot size
- 8.54 lot acres
- Property type
- Land
Description
This exceptional 8.54-acre parcel presents a unique opportunity for residential development in desirable Portsmouth, New Hampshire. Located at the corner of Banfield Road and Peverly Hill Road, this property is zoned Single Residence A (SRA), permitting the construction of up to five single-family homes. However, with potential zoning relief, a more extensive development of up to nine units under an RDI-PUD plan may be feasible. The land is currently enrolled in Current Use, meaning the buyer will assume a 10% tax assessment based on the property's full value. Comprehensive due diligence materials are available for review, including a boundary survey, conceptual development plans, a wetland study, and a Phase I environmental report. These documents provide a thorough understanding of the site's characteristics and potential development constraints. The property's attractive location abuts approximately 17 acres of permanently conserved land, ensuring a tranquil and natural setting. While city water and sewer utilities are available, connection to the site will require stubbing. City of Portsmouth approvals are necessary for any development project. This prime location and the availability of detailed due diligence materials make this an exceptional opportunity for discerning developers and investors.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portsmouth
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -70.7788
- Latitude
- 43.0516
