This property is listed by Fredette, Ronald of Keller Williams Realty-Metropolitan
  RE/MAX Upper Valley Real Estate | Lebanon, Hanover, NH | Norwich, Quechee, VT

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Claremont NH rss/xml feed
This property is listed by Fredette, Ronald of Keller Williams Realty-Metropolitan
Commercial Sale

$ 2,000,000

| 0.56 Acres  [mls# 4699867]


Claremont NH, 16-34 Opera House
 

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Description
Known as "The Moody Building", this historic landmark building has been the anchor for retail and office space at the Opera House Square, Downtown Claremont, NH for decades. Overlooking the Sugar River, a tributary from the Connecticut River, this was originally built as a hotel in 1900 and still has a lot of the original architecture and charm. Many prominent dignitaries stayed at this building when it was a hotel, most famously, President John F Kennedy. This property has been extremely well maintained, no expenses spared on Capital Improvements including a 3 yr old, rubber-membrane, insulated roof, entire building sprinkler system, updated efficient heating systems, electrical systems and more. This property is virtually maintenance free, and the on-site manager has been with the property since 1972! There are 40 units with only 2 small office vacancies and there is a waiting list of tenants for the 1st floor retail. $144,000 NOI, 7.22% CAP, Before Tax Cash on Cash 5.12%, DSCR 1.24%, Street Retail NNN leases, Modified Gross Office leases. The City of Claremont has been and continues to invest Hundreds of Thousands of dollars in a current City wide revitalization program.
Features
Year Built: 1900 
Style: Retail 
Electric:  
Heating/Cooling: Radiant -  
Heat Fuel: Gas - Natural, Oil 
Water: Public 
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Sewer: Public 
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Exterior: Brick 
Roof: Flat 
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Lot Information
Acres : 0.56 
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Town Information
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Tax Year: 2016  Taxes: 26,429.00  Assessment Year: 2016  Assessment: 620,100
Book: 2020 - Page: 0606 - Map: 120 - Lot:

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Listing Agency: Keller Williams Realty-Metropolitan, Listing Agent: Fredette, Ronald.
Copyright 2018 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for cosumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 6/22/2018 12:00:05 PM
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RE/MAX Upper Valley Partners

120 South Main Street
West Lebanon, NH 03784

(603) 298-8900
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