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    32-40 Pleasant St Claremont, NH 03743

    For Sale
    $549,000

    Historic Rand Block: 17,500 SF, 8 Units Potential

    Property size:
    17,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 17,500 square foot property, situated on a 0.16-acre lot in the heart of Claremont, New Hampshire, presents a unique redevelopment opportunity. The historic Rand Block, located at 32-40 Pleasant Street, currently features four ground-floor retail spaces, two of which are currently occupied. The building boasts two brand new forced-air heating systems and two high-efficiency mini-split systems, ensuring efficient climate control. Electrical systems are updated with 100-amp circuit breaker panels for each unit. The property includes five off-street parking spaces on-site, supplemented by three additional rented spaces across Pleasant Street. Importantly, all necessary approvals and plans are in place to convert the upper floors into eight residential units: four two-bedroom, one-bathroom apartments and four two-bedroom, two-bathroom apartments. The building is also stubbed for a sprinkler system, enhancing safety and future development potential. This prime downtown location offers significant upside for a savvy investor seeking to capitalize on the growing demand for both commercial and residential space in Claremont. The property is being sold with all necessary approvals and plans in hand, streamlining the redevelopment process.

    Property Features for 32-40 Pleasant St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    17,500 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1870
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Claremont
    County
    Sullivan
    State
    New Hampshire
    Longitude
    -72.33842
    Latitude
    43.37175

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Rand Block: 17,500 SF, 8 Units Potential
    Where is this commercial real estate located?
    The property is located at 32-40 Pleasant St Claremont, NH.
    What is the asking price?
    The asking price for this property is $549,000.
    Request Owner's contact information
    32-40 Pleasant St Claremont, NH 03743
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    32-40 Pleasant St Claremont, NH 03743
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