1 Pleasant St 32,635 SF 92% Leased Retail Building Claremont, NH 03743 $6,864,900 CAD ($210.35 CAD/SF) 8.04% Cap Rate

Introducing Union Block Apartments; a distinguished three-story, 40 unit, mixed-use brick building located in the heart of downtown Claremont, situated on a ±0.31 acre urban parcel on the corner of Pleasant Street and Opera House Square. This high-performing, fully renovated asset includes 34 modern residential apartments and 6 street-level retail spaces, creating diversified revenue streams within a historic downtown setting.
As one of the most prominent buildings in the City of Claremont, the Union Block was originally constructed in the mid-1800s as a large wood-frame building. After being destroyed by a fire, its owners rebuilt on the old site in with brick and steel frame construction in 1892. Under the current ownership, it once again saw a new lease on life and was again comprehensively rebuilt in 2024 where the property underwent a complete gut renovation with every unit taken to the studs and modernized. Improvements include full electrical rewiring throughout all apartments, updated plumbing and drain lines, new bathrooms and kitchens, cosmetic updates to all apartments, all brand-new metal windows constructed to historic standards, refreshed common areas with modern flooring, paint, and lighting, and the installation of a building-wide security system. Mechanical infrastructure features forced hot water distributed via baseboards, supported by two active oil-fired boilers and three additional wood pellet burner boilers offering
future operational flexibility. A building-wide air exchange system enhances temperature regulation and air quality. The building is fully sprinklered for life safety and benefits from completed roof repairs and a 6,000-gallon underground oil storage system. An additional upside opportunity not being utilized by ownership now is a solar panel array installed on roof feeding that, with some upgrades, could significantly reduce heating costs throughout the building. Additional income is generated through a recently refreshed owned coin-operated laundry facility consisting of three washers and three dryers, currently averaging $425 per month in additional revenue. Trash service is provided through a longterm dumpster lease for tenant convenience on the neighboring property with a lease extending through November 2035. While the property does not include onsite parking, its central downtown location supports walkability and tenant accessibility to many municipal lots and garages within just a few blocks of the
building.
With a comprehensive 2024 renovation, diversified unit mix, upgraded systems, and stabilized ancillary income, Union Block Apartments represents a turnkey mixeduse
investment opportunity combining historic character with modern infrastructure in one of Claremont’s core downtown corridors. Inquire for financial details. Broker interest.