16-34 Opera House Square, Claremont, NH - $1,600,000

16-34 Opera House Square, Claremont, NH

Price: $1,600,000 Status: Active
Taxes: $26,702 Lot Size 0.56

Comments:

8.8% CAP, $158,311 NOI, 5-Year Hold Indicates an All-Cash Unleveraged IRR of 12% and a Leveraged IRR of 24% 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 is a waiting list for the 1st floor retail. 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.

Listed by David Gambaccini of SVN / Real Estate Solutions.

Property Features

Property Information

MLS # 
4730848 
Property Type 
Commercial Sale 

Additional Features

Lot Desc 
Not Available 
Property Type 
Commercial Sale 
Road Frontage 
Yes 
Roof 
Membrane 
Roads 
Not Available 
Sq Ft Building 
49281 
Stories 
Not Available 
Baths 
Not Available 
Units 
49 
Water 
Public 
Water Access Desc 
Not Available 
Water Body Name 
Not Available 
Water Frontage 
Not Available 
Zoning 
Mixed-Use 

Ask A Question

Mortgage Calculator

Downpayment

Mortgaged Amount:

Interest Rate:

Loan Length:

Monthly Payment:

(Principal + Interest)

Estimated Monthly Taxes:

* All numbers are estimates. Please consult your loan advisor

NEREN Logo

Copyright ©2019 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 consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers who may be interested in purchasing. Data last updated 7/20/2019 5:03:36 AM