32-40 Pleasant St Claremont, NH 03743
- Commercial real estate
- 17,500 SF
- 0.16 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 32-40 Pleasant St
- Year built
- 1870
- Lot size
- 0.16 lot acres
- Property size
- 17,500 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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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
- -72.3384
- Latitude
- 43.3717
