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25727072
18522362

49 Lincoln Heights, Claremont, NH 03743

JW
NH 4786, VT 94020
$450,000
1488 days on market
Updated 37 days ago

Claremont Downtown Overlook

Details
Property Type Land
Sub Type Residential
Lease Expiration 06/17/2025
Price Per Acre $75,000
Broker Co-Op Yes
Acreage 6.000
Zoning mixed use/mulit family
Ownership Broker int.

52 unit site overlooks downtown. 5 min to center of town, 1 mile to reg. shopping.

Marketing description

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.

Investment highlights

6 acres overlooking downtown. Zoned up to 52 units. Potential for additional uses; assisted living, hotel. Highest elevation in city offers commanding views of downtown, and VT mtns. Additional 24 acres adj. as possible add on. 5 min walk to center of town. 1 mile to Walmart and regional shopping. Quiet dead end location.

Listing Contacts

JW
NH 4786, VT 94020

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