List Price: $1,000,000 | $304 per sq.ft. Commercial
Space type
Under Contract Date Listed Monday Feb 19, 2024 | MLS# 4985373
Space type
Under Contract Date Listed Monday Feb 19, 2024 | MLS# 4985373
To see this Listing
Address: 3-7 JENKINS Court Durham NH
Listed by Jamieson Duston Duston Leddy Real Estate Cell: 603-365-5848
Description:
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
Listed by Jamieson Duston Duston Leddy Real Estate Cell: 603-365-5848
Description:
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
Features
Income
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Net Income| 0
Management Expense: $0
Insurance Expense : $0
Construction Information:
Year Built: 1920
Block Exterior
Price Per SQ.FT. 304.41 No. of Units: 3
Building Size : 3285
Building Type: Development | Investment | Land | Multi-Family | Retail
Year Built: 1920
Block Exterior
Price Per SQ.FT. 304.41 No. of Units: 3
Building Size : 3285
Building Type: Development | Investment | Land | Multi-Family | Retail
ExteriorRoof: Flat
Interior
Land Information
Lot size: 0.08 acres
Zoned: Central Business CB
Road Frontage: 60
Road Frontage: 60
No. of Docks | 0.
UtilitiesUtilities: Underground Utilities
AC % | 0.
Additional Information
Taxes $10,184
Assesed Value Not Reported
Taxes $10,184
Assesed Value Not Reported
Schools
