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49 Lincoln Heights
Claremont, NH 03743
6 Ac MF or Hotel site overlooks downtown · Land For Sale
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6.00 AC
INVESTMENT HIGHLIGHTS
- 6 acres overlooks downtown
- city water/sewer, views. 1 mile to walmart.
- zoned up to 52 units. addt land possible
EXECUTIVE SUMMARY
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 or
hospitality, medical. Town water and sewer. Existing 3BR rental house, $1900m income. 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.
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.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 6.00 AC |
| Zoning | CR-2 - up to 52 units. town open to additional uses. Town w/sewer at street. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 6.00 AC |
| Zoning | CR-2 - up to 52 units. town open to additional uses. Town w/sewer at street. |
1 LOT AVAILABLE
Lot
| Price | $623,025 CAD | Lot Size | 6.00 AC |
| Price Per AC | $103,837.50 CAD |
| Price | $623,025 CAD |
| Price Per AC | $103,837.50 CAD |
| Lot Size | 6.00 AC |
6 acres overlooking downtown. Zoned up to 52 units. Assisted living, hotel. Highest elevation in city, views of downtown, and VT mts. Addt 24 ac adj. as possible add on. 5 min walk to center of town. 1 mile to walmart. rental house.
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 or hospitality use. Good site conditions. Town water and sewer. Existing 3BR rental house. half hour to Lebanon for commuters. 45 min. to Lake Sunpaee or Killington. 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.
