27-35 Pleasant St Claremont, NH 03743

Property Details for 27-35 Pleasant St

Year built

1906

Lot size

0.61 lot acres

Property size

29,961 SF

Property type

Office Properties & 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.

Location Insight

City

Claremont

County

Sullivan

State

New Hampshire

Longitude

-72.3388

Latitude

43.372