49 Lincoln Hts, Claremont, NH 03743
The subject site is perched at the highest elevation in the core area. Offering panoramic views of VT, Downtown mill bldgs, area hills. 1/4 mile to most retailers. Easy walk to the town center thru a city park, over the Sugar River on a pedestrian bridge with views of the falls, to restaurants, etc. Even with its central location the site is private and quiet with 25 acre city owned land abutting (possible expansion area). Zoned CR-2 (MF up to 52du) Assisted living by special exception. City open to discussion on office, hotel, medical. Good site conditions. Town water and sewer. Existing 3BR rental house. Broker Interest. Claremont NH, a sudden and strong rebirth with major new development investments recently in market rate housing. A historic town that showcases beautiful architecture throughout the city created from its glorious past. Several new manufacturing companies relocated and expanded. Recent uptick of small businesses. Downtown has undergone major infrustrure improvements and continues to support and encourage addt businesses. Over the last few years virtually all the industrial vacancies have been absorbed. A recent surge in sales and pricing. Regional shopping center as border town to VT. Growth from Lebanon/ Hanover is accelerating as commuters get priced out and there is limited zoning for growth between the towns due to rural zoning. zoning- CR-2 city center residential II. The purpose of this district is to maintain around the downtown core residential neighborhoods with a mix of housing types. Other uses that are compatible with and supportive of a residential setting are allowed, including lodging, institutional and educational uses. Uses allowed by right: Single family, Duplex, Multi family, Manufactured housing, Bed and Breakfast, Family Daycare Center, Home occupation, home office, Tourist homes, boarding or rooming houses , schools, Uses allowed by special exception: Planned Residential Development, Nursing Home, Neighborhood Commercial, Museums, churches & religious org. , Indoor recreation facilities Other uses– City planning and economic development are open to discussion for additional uses including Hotel, motel, etc.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.