Downtown Portsmouth Office!

Office for Sale
Also listed as Special Purpose
Catylist Listing ID: 28284270
Property Subtypes: Mixed Use, Flex Space, Net Leased
Building Size (RSF): 2,738 SF
Gross Building Area: 38,745 SF
Sale Price: $349,000
Unit Price: $127.47 PSF
Ceiling: 9 ft.
Building Name Worth Block
Class of Space Class B
Sale Terms Cash to Seller
Last Updated: 10/22/2014

Property Overview

GREAT PRICE! Below other units in the building! The Worth Block at 10 Vaughan Mall is comfortably located in the heart of downtown Portsmouth, within easy walking distance to Market Square and the Waterfront.

An ample parking lot exists right outside the door, with shops, services, restaurants, and coffee shops too! The building has elevator access.

The unit is well appointed with a small breakroom/kitchen, large exterior operable windows, carpeted floor cover, five enclosed offices, and a pleasant "open" area.

Units 214 & 215 have heat and electric included in the total condo fee of $1,081.97/month. HVAC & Electric charges are a prorata share of 16.46% of the 2nd floor expenses. Condo fees have decreased over the past three fiscal years.

Financials

Finance Data Year 2012
Real Estate Taxes - Annual($) $5,699 (Annual)
Assessed Value - Total($) $330,000 (Annual)

Additional Details

Nearest MSA Boston-Cambridge-Quincy
County Rockingham
Submarket Portsmouth
Submarket Type Central Business District
Tax ID Number/APN 126/6/214-215
Property Use Type Net Leased Investment (NNN), Vacant/Owner-User
Zoning CBB
Tenancy Single Tenant
Percent Occupied 100%
Market Type Medium
Side of Street North
Road Type Paved
Property Visibility Excellent
Transportation Bus, Taxi
Highway Access Nearby Route's 1, I-95, and the Spaulding Turnpike
Airports Pease Tradeport; Manchester Regional; Boston Logan Airport
Area Description Historic Portsmouth, NH is where economic and social activity thrives in NH and north of Boston. With a vibrant waterfront, over fifty restaurants, just as many retail shops, and easy access from all travel routes nearby, Portsmouth is the primary destination of successful companies, tourism and new enterprise.
Total Number of Buildings 1
Number of Stories 2
Year Built 1971
Roof Type Other
Exterior Description Glass/Finished Block two story.
Parking Type Surface
Parking Description Parking at the rear of the building in a municipal lot. Municipal Parking Garage is a block away.
Heat Type Other
Heat Source Other
Air Conditioning Engineered System
Interior Description Great office unit with enclosed offices, break area, several common area restrooms in adjacent hallway. See attached sketch. Large office windows at Congress Street side, with interior partition windows for the interior space. Very nice layout, appeal, and utility.
Zoning Description CBB - Central Business District
Topography Level
Soil Type Clay
Easements Other
Easements Description Typical Condominium Association easements in common areas.
Land Ownership Condominium Association
Legal Description Book 4964/0001

Attachments & Media

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,213 27,268 43,375
Median Age: 40.65 42.04 42.94
Households: 4,910 12,918 19,637
Note: The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.