Maple Street is aland property for lease in Enfield, NH.
This is a unique opportunity to acquire a market rate multifamily project in Enfield, New Hampshire, for the construction of 154 residential dwelling units on 77± acres of land fronting US-4 and Maple Street. Current conceptual plans call for 7 two and a half story buildings, each with adjacent parking. The site plan will accommodate a mix of studios, 1, 2 and 3 bedroom units, but final unit mix remains to be determined.
The proposed plan has passed through 2 of the 3 stages of the site plan approval process in Enfield and has received positive feedback from the town. There is current demand from regional employers, including Dartmouth-Hitchcock Medical Center, Dartmouth College, Hypertherm and Timken Aerospace. The economy in this region has been strong, even through the recent recession, and recent presentations at meetings of the Upper Valley Housing Coalition have confirmed that rental demand is very strong, with vacancy reported at less than 2%. Presentations from these recent meetings are attached.
The site is on US-4, just a half mile from the downtown district, approximately 4 miles from I-89, Exit 17, and approximately 8 miles from the Dartmouth-Hitchcock Medical Center Drive/Route 120 intersection. It will be serviced by public water and sewer, and will include an extensive network of active walking/biking trails throughout the open space reserves and to local neighborhoods, as well as a clubhouse with fitness area and swimming pool. Public transportation will be available from Upper Valley Transit Authority, with a bus stop proposed within the development site.
For more information, please look through the Marketing Package.