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3-7 Jenkins CourtDurham, NH 03824Price: $1,000,000

  • Price: $1,000,000
  • 59 Days on Market
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Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,000,000List Price
  • 0.08Acreage
  • 3,285Square Feet
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.
Listed by Jamieson Duston of Duston Leddy Real Estate (Cell: 603-365-5848)

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ 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 April 17, 2024 3:55 PM EDT

 

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