Impact of commercial development on adjacent residential properties

In the town of Henniker, New Hampshire, a proposal to build a 9,800-square-foot pharmacy at the edge of a commercial zone met significant opposition from the community, especially abutting residential property owners. A study requested by the Henniker Planning Board to assess how the project might i...

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Bibliographic Details
Published inThe Appraisal journal Vol. 66; no. 1; p. 6
Main Author Crafts, John M
Format Journal Article
LanguageEnglish
Published Chicago The Appraisal Institute 01.01.1998
Appraisal Institute
Subjects
Case studies
Commercial real estate
Community development
Comparative analysis
Economic development
Housing developments
Industrial development
Influence
Land development
Neighborhoods
Pharmacy
Price variance
Project management
Property values
Real property
Retail industry
Sales
Shopping centers
Studies
Valuation
Zoning
United States > US
New Hampshire
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Summary:In the town of Henniker, New Hampshire, a proposal to build a 9,800-square-foot pharmacy at the edge of a commercial zone met significant opposition from the community, especially abutting residential property owners. A study requested by the Henniker Planning Board to assess how the project might influence the values of adjacent residential properties resulted in the development of two empirical models based on data within the subject neighborhood. The models employed comparative analysis and demonstrated that in Henniker, commercial development does not have a measurable impact on abutting residential properties less than $100,000 in value.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
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ISSN:0003-7087