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Listed by Lisa Stone • Keller Williams Realty Metro-Keene
$ 695,000
Est. payment | /mo
3.4 Acres Lot
$ 695,000
Est. payment | /mo
3.4 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5074944
Annual Tax Amount $2,395
Tax Year 2024
Lot Size 3.400 Acres
Acres 3.4
Property Description
14 FULLY APPROVED UNITS: Skip the Planning Board & Start Building. This is the definition of "Shovel-Ready." Located on Pocket Street, this prime 3.5-acre site offers a rare opportunity to bypass years of permitting and immediately break ground on a lucrative 14-unit residential project. The Project: Fully approved for an elegant courtyard-style townhouse community. The design features spacious layouts with dual ensuite bedrooms—specifically targeted at Peterborough's downsizer and professional demographic (Median Age: 51 | Median Income: $98k). The Location: Situated off High Street, the site balances privacy with premium convenience. It borders the scenic Monadnock Country Club and is walking distance to the elementary school. This is a location that sells itself to buyers seeking quiet luxury within a vibrant community filled with shops, entertainment and restaurants. The Opportunity: With construction costs fluctuating, the value here is in the approvals. You aren't buying raw land; you are buying a green-lit project in a town with a severe inventory shortage. NH Housing Finance Authority projects a need for 1,100+ units here. With an average town home sale price of $477k+, the margin potential on these boutique condos is significant. Perfect for a local builder looking to keep their crew moving with a manageable, high-demand project. Don't let your capital sit in permitting purgatory—start building on Pocket Street.
Location
State NH
County Nh-hillsborough
Area Nh-Hillsborough
Zoning FAMILY
Interior
Inclusions Land Only, Other
Exterior
Utilities Available Cable Available
Building
Sewer Public Sewer at Street
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