MLS Number 4897963
- Year Built 1897
- Acreage 0.31
- NOI 175446
Known as "The Union Block Building", this circa 1897 historic landmark building has been the anchor for retail and residential apartment space at the center of downtown Claremont, NH for decades. This property has been extremely well maintained. There are 6 commercial storefront spaces on the street level and 34 residential apartment units on the 2nd and 3rd floors. There currently are no vacancies and there is a waiting list of potential residential tenants. Over $175,000 NOI at listed 7.0% CAP Rate. Commercial Tenants all have Modified Gross Leases. The City of Claremont is currently revitalizing the downtown Pleasant Street area.
Listed by Alan Croteau of Real Property Options