Multifamily and/or Senior Housing Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30791009
Property Subtypes: Agricultural, Multi-Family, Residential (Single Family), Other
Gross Land Area: 219 Acres
Sale Price: $6,000,000
Unit Price: $27,397 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/6/2022

Overview / Comments

Check out this great opportunity to develop anywhere from 225 to 600 units of housing on approximately 219 acres of pristine land in the desirable upland portion of Hooksett, NH known as Granite Hill. With excellent access to the major highway artery of I-93, shopping, employment, healthcare, schools, and the beauty that NH has to offer, combined with a sub 1% vacancy in the region, the lease-up following development has minimal risk. Concepts are designed to be by right, minimizing risk for permitting. Take the work done so far and bring your vision to complete it your own way! Boundary survey, grading plan, wetland delineation and topo completed. Some plans may need updating, but a good portion of work is done for you. Water, sewer and natural gas available.

Additional Details

Nearest MSA: Concord
County: Merrimack
Tax ID/APN: 14-14-58
Zoning: MDR
Site Description: Check out this great opportunity to develop anywhere from 225 to 600 units of housing on approximately 219 acres of pristine land in the desirable upland portion of Hooksett, NH known as Granite Hill. With excellent access to the major highway artery of I-93, shopping, employment, healthcare, schools, and the beauty that NH has to offer, combined with a sub 1% vacancy in the region, the lease-up following development has minimal risk. Concepts are designed to be by right, minimizing risk for permitting. Take the work done so far and bring your vision to complete it your own way! Boundary survey, grading plan, wetland delineation and topo completed. Some plans may need updating, but a good portion of work is done for you. Water, sewer and natural gas available.
Topography: Hilly
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,741 15,010 53,790
Median Age: 41.13 36.6 39.61
Households: 1,525 5,784 21,869

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