111 Chestnut Hill Road, New Boston, NH
Land
Listed by Gibson Sotheby's International Realty · Kenneth Leva
Property Description
111 Chestnut Hill Road | New Boston, NH 105 Acre Residential Development Opportunity Exceptional opportunity to acquire a 105 acre development site in New Boston, NH with significant entitlement and due diligence work already completed. Located within the Small Scale Commercial District, the property has secured a zoning variance permitting age-restricted housing, with no known appeals currently pending. Current conceptual plans support approximately 107 residential units, consisting of 72 senior housing units and 35 workforce housing units, creating a unique opportunity to address two of New Hampshire's most in-demand housing segments. Extensive project planning and analysis have already been completed, including conceptual engineering, septic feasibility studies, well siting evaluations, wetlands delineation, topographic surveys, soil investigations, environmental reviews, traffic studies, and cultural resource assessments. A traffic impact study concluded that no improvements to Chestnut Hill Road are warranted for the proposed development. The project also benefits from a favorable regulatory environment, including recent New Hampshire housing legislation encouraging multifamily development within commercial districts and reducing parking requirements for residential projects. Key highlights include: • 105± acres in a desirable Southern New Hampshire location • Zoning variance approved for senior housing development • Conceptual plan for 107 residential units • Extensive engineering, environmental, and feasibility work completed • Traffic study completed with favorable findings • Significant advancement through the entitlement process The project is currently progressing through the municipal and state permitting process, offering developers the opportunity to acquire a large-scale residential development with substantial groundwork already completed while maintaining flexibility to refine the final product and approval strategy. Comm use by right.
Property Details
Essentials & finishes
- Property Type:Land
- County:NH-Hillsborough
- Town:New Boston, NH
- Status:Active
- Days on Market:34
Primary Features
Interior Features
Financial Details
Additional
External Features
Property History
Annual taxes for this property
| Year | Assessed Tax |
|---|---|
| 2024 | $0 |
| 2023 | $0 |
| 2022 | $0 |
Estimated from list price; verify with the town assessor.
Market Data
Live snapshot computed from active listings in this town
- Active listings in New Boston15
- Average list price$680,891
- Price range$82,500 – $1,195,000
- Market sentimentBuyer's Market
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- Principal & Interest$0
- Property Tax$0
- Home Insurance$67
Estimates use typical New Hampshire costs — a 1.7% effective property-tax rate, insurance at 0.25% of home value/yr, and PMI below 20% down. Actual town tax rates vary; verify with your lender and the town assessor.
Tom DeMatteo
Owl’s Nest Real Estate · Questions?
Market Sentiment
Buyer's MarketBased on 15 active · 0 sold in New Boston (last 90 days)
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