Market Square Office - Heart of the City

Office for Sale
Catylist Listing ID: 30332570
Property Subtypes: Mixed Use
Condo? Yes
Building Size (RSF): 4,854 SF
Gross Building Area: 25,851 SF
Sale Price: $1,750,000
Property Use Type: Vacant/Owner-User
Building Name: Peirce Block
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2020

Overview / Comments

Located adjacent to Market Square, the heart of the City and its historic center of commerce, this office suite is near all the amenities including renowned restaurants, coffee shops, art galleries, boutiques, entertainment venues, and the waterfront.

Suite consists of an efficient layout of 8 private offices, 2 conference rooms, reception area and open areas. The break room is a modern commercial kitchen and an attractive space to entertain clients. High end finishes include stately solid wood doors and trim, renovated conference rooms and bathrooms and stainless steel kitchen appliances.

Municipal parking is available at the High Hanover Street Garage located just a few steps away and at the nearby Worth and Bridge Street lots.

Also available for lease with list lease rate of $10/SF NNN for the first year if a 5 year lease is signed.

DMA Architects has drawn a concept plan showing how the space can be opened up dramatically.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Submarket/Township: Portsmouth
Submarket Type: Central Business District
Taxing Authority: City of Portsmouth
Tax ID/APN: 117/17/K
Is Condo?: Yes
Property Located Between: Market Street and High Street
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1860
Roof Type: Mansard
Construction/Siding: Brick
Parking Type: Structure
Parking Description: Adjacent to the municipal High Hanover parking garage.
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,213 26,118 43,375
Median Age: 40.65 42.16 42.94
Households: 4,910 12,383 19,637
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