Highly Visible US RT 1 Portsmouth Location - 3.8 +/- Acres

Retail-Commercial for Sale
Sale Pending/Contingent
Also listed as Hospitality
Catylist Listing ID: 30619089
Property Subtypes: Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub
Status: Pending/Contingent
Building Size (RSF): 23,000 SF
Gross Building Area: See Agent
Gross Land Area: 3.88 Acres
Sale Price: $2,800,000
Unit Price: $121.74 PSF
Property Use Type: Business
Building Name: Wren's Nest Village Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/12/2021

Overview / Comments

Rare opportunity to own 3.8 +/- acres in a high visibility location directly on US RT 1 South (21,000+/- VPD) in Portsmouth NH with easy access to I-95. The property is G1 Gateway Zoned. Take over the existing hospitality business of the Wren's Nest Village Inn or build Portsmouth next commercial/retail/residential development on a dry, level, lot. Property currently has 10 buildings used as office, hotel, and restaurant space.

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 0297-0006-0000
Zoning: G1 GATEWAY
Retail Clientele: General, Family, Business
Largest Nearby Street: Ocean Road
Traffic/Vehicle Count: 21,000
Highway Access: Directly on US RT 1. I-95 Exit 3 access 3+/- miles away.
Airports: Boston Logan International Airport, Manchester-Boston Regional Airport, Portland International Jetport, Portsmouth International Airport at Pease
Tenancy: Single Tenant
Total Number of Buildings: 10
Number of Stories: 2
Property Condition: Average
Year Built: 1990
Roof Type: Gable
Construction/Siding: Wood Siding
Total Parking Spaces: 66
Parking Type: Surface
Parking Description: Flat, paved.
Heat Type: Electricity, Natural Gas, Hot Water
Heat Source: Baseboard
Air Conditioning: Other
Internet Access: Cable
Zoning Description: Gateway Neighborhood Mixed Use Corridor (G1) - The purpose of this district is to facilitate a broad range of housing types together with compatible commercial, fabrication, and civic uses in a high-quality pedestrian environment with moderate to high density.
Lot Frontage: TBD
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,705 15,676 45,580
Median Age: 37.37 43.52 43.11
Households: 1,770 6,654 20,264

Contact

Photograph of Listing Agent

Bill Riffert

Bean Group NECPE Member
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