3 Nashua Rd Bedford, NH 03110-5515
CO), Commercial-2 (CO-2), Performance Zone (PZ) and Office (OF) Districts. (2) The Planning Board may grant a conditional use permit in accordance with this subsection, upon reaching a determination that an applicant has successfully demonstrated that the proposal meets the purpose statements and development standards specified below. (3) Purpose. The purpos…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
CO · Bedford, NHCO), Commercial-2 (CO-2), Performance Zone (PZ) and Office (OF) Districts. (2) The Planning Board may grant a conditional use permit in accordance with this subsection, upon reaching a determination that an applicant has successfully demonstrated that the proposal meets the purpose statements and development standards specified below. (3) Purpose. The purpose of cottage court housing includes the following: (a) Encourage innovation and variety in housing design and site development while ensuring compatibility with existing neighborhoods; (b) Promote infill development and redevelopment within established neighborhoods that is built at a scale and character consistent with existing development patterns; (c) Encourage efficient use of land and compact development that is pedestrian-scaled, attractive, healthy, and safe; (d) Promote a variety of housing choices within Bedford to meet the needs of a population diverse in age, income, household composition and individual needs; and (e) Provide property owners with flexibility to achieve high quality design and develop projects that strengthen existing neighborhoods. (4) Cottage court housing development standards. (a) Cottage court housing shall be served by a public water supply. (b) Properties with access to public water and municipal sewer may be permitted a maximum of 10 units per acre of net developable area. [1] Net developable area is the area of that portion of the tract which remains after deducting the cumulative areas of all surface water bodies; wetlands; and public/private rights-of-way for streets and utilities. In the case of mixed-use sites, building footprints and paved areas for parking and circulation which do not also serve the development shall be deducted. (c) The density for properties without access to municipal sewer shall be limited by the characteristics of the onsite soils as determined by NHDES standards for subsurface disposal system. In no case shall the density exceed 10 units per net developable area as defined above. (d) The minimum lot size for the development tract for cottage court housing shall be the same as the respective zoning district, detailed in Table 1, Table of Dimensional Regulations. (e) The maximum building coverage for the development tract for cottage court housing shall be the same as the respective zoning district, detailed in Table 1, Table of Dimensional Regulations. (f) The cottage court housing shall contain a minimum of four units. The units may be designed to be in clusters of not more than 12 units.
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.