 802-295-1355
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$1,000,000 | $304 per sq.ft. Under Contract
Commercial Property, 3-7 JENKINS Court Durham NH | Space type MLS# 4985373
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| DESCRIPTION
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REDEVELOPMENT OPPORTUNITY IN THE HEART OF DOWNTOWN DURHAM / UNH CAMPUS! This property sits at the very center of downtown Durham and offers a 60' wide x 50' deep footprint that is ready for redevelopment. The current configuration is a one-story retail building with three separate store fronts. However, with favorable Central Business zoning, this property's highest and best use would be a 4-story mixed use building with office or retail at street level, and housing above. The maximum number of permitted stories in the district is 4, although a 5th story is permitted by conditional use (according to the Zoning Ordinance attached). The current owner has preliminary elevations but no active permits. We estimate four, 750SF 2-bedroom units per level for a total of 12 units, plus the office retail space at street level. Another option would be to remove the existing structure to make way for a much-needed parking lot in the heart of downtown that could be fully automated earning cash while you sleep. Additional uses in the CB district include hotel, restaurant/bar, gallery, and theater. The owner of this property owns an adjacent property and would consider selling additional square footage that could add to the redevelopment potential of this site. All information provided should be verified by the buyer. Seller and Agent make no warranties or representations about the potential of the site - all approvals must be sought by the buyer and at their expense.
Building Type : Development | Investment | Land | Multi-Family | Retail Sale Includes : Land/Building Price per SQFT | 304.41 Net Income| 0 Management Expense-| $0 Insurance Expense -| $0 | |||
| FEATURES AND DETAILS
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CONSTRUCTION: Block Exterior | Price Per SQ.FT. 304.41 | Year Built: 1920 No. of Units-| 3 Building Size | 3285 |
Building Type: Development | Investment | Land | Multi-Family | Retail Roof: Flat Road Frontage: 60 Utilities: Underground Utilities No. of Docks | 0. No. of Drive Doors | 3285. |
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| LAND INFORMATION
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ADDITIONAL INFORMATION
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Lot size: 0.08 acres Zoned: Central Business CB Road Frontage: 60 |
Taxes $10,184 | Assesed Value $497,300 in 2023 | ||
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Data last updated July 7th, 2024 |
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