Current Use by Public Records
- Apartment buildings
Property Details for 32-40 Pleasant St
- Year built
- 1870
- Lot size
- 0.16 lot acres
- Property type
- Apartment buildings
Description
This exceptional mixed-use building presents a unique redevelopment opportunity in the heart of Claremont, New Hampshire. Located at 32-40 Pleasant Street, this historic three-story structure boasts approximately 13,220 square feet situated on a 0.16-acre lot. The building currently features four ground-floor retail spaces, two of which are occupied. Approved plans are in place to construct eight residential units on the upper floors: four two-bedroom, one-bathroom apartments and four two-bedroom, two-bathroom apartments. The property includes five on-site off-street parking spaces, supplemented by three additional rented spaces across Pleasant Street. Significant upgrades have already been completed, including two new forced-air heating systems and two high-efficiency mini-splits for the retail spaces. Electrical systems are updated with 100-amp circuit breaker panels for each unit. The building is also stubbed for a sprinkler system. All necessary approvals and detailed plans are included in the sale. This is a turnkey opportunity to acquire a prime piece of Claremont's downtown, offering a blend of established retail income and significant future residential potential. The asking price is $560,000, representing $46,667 per unit and $42.36 per square foot. The anticipated occupancy date is June 7, 2024. The property is zoned MU. This is a rare chance to invest in a revitalized downtown area with strong potential for future growth.
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
- -72.3384
- Latitude
- 43.3717
