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.
Lot & Building Features
UtilitiesUnderground Utilities
ConstructionBlock Exterior
SewerPublic Sewer On-Site
Tax Year2023
Taxes Paid$10,184
WaterPublic Water - On-Site
Lot DescriptionCity Lot
RoofFlat
Price History of 3-7 JENKINS Court, Durham, NH
Date
Name
Price
Difference
02/19/2024
Listing Price
$1,000,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
3-7 JENKINS Court (MLS #4985373) is a commercial listing located in Durham, NH.
This commercial listing is on a lot of 3,485 sqft (or 0.08 acres) and is 104 years old. This property was listed on 02/19/2024 and has been priced for sale at $1,000,000.
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Listing information courtesy of: Duston Leddy Real Estate
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