49 Lincoln Hts Claremont, NH 03743

Property Details for 49 Lincoln Hts

Lot size

6.00 lot acres

Property type

Commercial real estate

Description

This exceptional 6-acre parcel in Claremont, New Hampshire, presents a unique investment opportunity. Located at the highest elevation in the core area, the property boasts breathtaking panoramic views of Vermont, the downtown mill buildings, and surrounding hills. The land is zoned CR-2, permitting multi-family development up to 52 dwelling units, with the possibility of assisted living facilities through special exception. The city is also open to discussions regarding office or hospitality uses, offering considerable flexibility for development. Situated just a quarter-mile from major retailers and within easy walking distance of the town center via a scenic city park and pedestrian bridge, this property enjoys a central yet private location. A 25-acre city-owned parcel abuts the property, presenting potential for future expansion. The site benefits from excellent conditions, including readily available town water and sewer. An existing three-bedroom rental house is included, providing immediate rental income. The property's prime location benefits from Claremont's recent economic resurgence, including new manufacturing companies, increased small businesses, and significant downtown infrastructure improvements. The surge in sales and pricing in the area, coupled with limited zoning for growth in neighboring towns, makes this a highly attractive investment prospect. The asking price is $450,000, reflecting a land value of $75,000 per acre. The existing rental property's lease expires June 17, 2025.

Location Insight

City

Claremont

County

Sullivan

State

New Hampshire

Longitude

-72.3363426

Latitude

43.3780312