Current Use by Public Records
- Office Spaces
Property Details for 27-35 Pleasant St
- Year built
- 1906
- Lot size
- 0.61 lot acres
- Property type
- Office Spaces
Description
This exceptional value-add opportunity presents a 29,961 square foot, three-story Class B office building situated on a 0.61-acre lot at 27-35 Pleasant Street in Claremont, New Hampshire (APN 120-73). Currently housing eight tenants with 75% occupancy, the building offers 14,870 square feet of net rentable space and boasts 40 parking spaces in a private lot—a rare commodity in the downtown area. The property features a mix of updated and original elements, including a recently installed rubber roof (2022), a new boiler servicing common areas, updated electrical systems (seven meters, Eversource provider), CAT5 wiring on the first floor, and a full sprinkler system (first and second floors, stubbed for the third). The building also includes a passenger elevator and accessible bathrooms on all three floors. The third floor, encompassing over 7,000 square feet and featuring the original Odd Fellows Hall with preserved architectural details, presents significant redevelopment potential, with possibilities including residential conversion or additional commercial space. The second floor event hall (permitted for up to 124 people) generates additional rental income. The property benefits from existing property management, and the city has previously proposed a parking garage for the upper lot, further enhancing future development prospects. The asking price is $850,000 ($57.16 per square foot), with seller financing available. Utilities include propane (Irving provider) and Comcast internet/phone service. The building's zoning is MU.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Claremont
- County
- Sullivan
- State
- New Hampshire
- Longitude
- -72.3388
- Latitude
- 43.372
