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    OFF-MARKET
    Commercial real estate

    3-7 Jenkins Ct, Durham, NH 03824

    3,285 SF 0.08 ac lot Built 1920
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3,285 square foot property, located at 3-7 Jenkins Court in the heart of Durham, NH, presents a unique investment opportunity. Situated on a 0.08-acre lot, this property boasts a prominent 60' x 50' footprint in the vibrant downtown area, just steps from the University of New Hampshire campus. Currently configured as a one-story retail building with three separate storefronts, the property is zoned Central Business (CB), allowing for a wide range of possibilities. The highest and best use may be a multi-story mixed-use development, incorporating retail and office space at street level, with residential units above. Preliminary elevations for such a project exist, though no active permits are currently in place. Alternatively, the existing structure could be removed to create a much-needed automated parking facility in this high-demand area, generating passive income. The CB zoning also permits a variety of other uses, including hotel, restaurant/bar, gallery, and theater. This property offers significant potential for both immediate income generation and long-term appreciation, making it an ideal investment for savvy developers and entrepreneurs. All information provided should be independently verified by the prospective buyer. No warranties or representations are made regarding the site's potential. The asking price is $799,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1920
    Total area 3,285 SF
    Lot 0.08 ac (3,485 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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