For Sale
$850,000

27-35 Pleasant St Claremont, NH 03743

Historic building, high potential, seller financing.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional value-add opportunity presents a 29,961 square foot, three-story Class B office building situated on a 0.61-acre lot at 27-35 Pleasant Street in Claremont, New Hampshire (APN 120-73). Currently housing eight tenants with 75% occupancy, the building offers 14,870 square feet of net rentable space and boasts 40 parking spaces in a private lot—a rare commodity in the downtown area. The property features a mix of updated and original elements, including a recently installed rubber roof (2022), a new boiler servicing common areas, updated electrical systems (seven meters, Eversource provider), CAT5 wiring on the first floor, and a full sprinkler system (first and second floors, stubbed for the third). The building also includes a passenger elevator and accessible bathrooms on all three floors. The third floor, encompassing over 7,000 square feet and featuring the original Odd Fellows Hall with preserved architectural details, presents significant redevelopment potential, with possibilities including residential conversion or additional commercial space. The second floor event hall (permitted for up to 124 people) generates additional rental income. The property benefits from existing property management, and the city has previously proposed a parking garage for the upper lot, further enhancing future development prospects. The asking price is $850,000 ($57.16 per square foot), with seller financing available. Utilities include propane (Irving provider) and Comcast internet/phone service. The building's zoning is MU.

Highlights

  • Updated electrical systems with seven Eversource meters.
  • CAT5 wiring on the first floor; Comcast internet/phone service.
  • Propane system (Irving provider) with five separate meters.
  • New propane furnace heating common areas.
  • Full sprinkler system (first and second floors, stubbed for third).
  • Direct fire department access via radio box.

Property Details for 27-35 Pleasant St

Property type
Office properties
Square Feet
29,961 SF
Class
B
Year Built
1906
Buildings
1
Stories
3
Lot Size (sq. ft)
26,572 SF

Location Insight

City
Claremont
County
Sullivan
State
New Hampshire
Latitude
43.3720417
Longitude
-72.3388168

FAQs

What type of property is this?
Office property - Historic building, high potential, seller financing.
Where is the office property located?
The property is located at 27-35 Pleasant St Claremont, NH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Updated electrical systems with seven Eversource meters.; CAT5 wiring on the first floor; Comcast internet/phone service.; Propane system (Irving provider) with five separate meters.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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27-35 Pleasant St
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