DEVELOPERS TAKE NOTE/ POSSIBLE 9 UNIT MIXED W/PARKING

Special Purpose for Sale
Catylist Listing ID: 30523833
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Sale Price: $2,895,000
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/27/2020

Overview / Comments

UPDATE POSSIBLE ADDITION OF BUILDING WOULD ALLOW THIS TO BE A DEVELOPED 9 UNIT COMMERCIAL/RESIDENTIAL PROJECT WITH PARKING - EMAIL FOR ACCESS TO DOCUMENTS

Folsom- Salter House $2.895M

Rare opportunity to own a piece of Portsmouth History. The Folsom- Salter House Mansion is currently a beautifully restored 15 office suite building within walking distance to all that downtown Portsmouth has to offer! This historic building is being sold as a package with 105 Court Street, a two unit duplex with rare 10 off street parking spaces. This is a great opportunity for a business looking to move downtown but can't find large enough space, or possible conversion. The Folsom - Salter house was built in 1808, with it's greatest claim to fame that the 5th President of the United States, James Monroe, stayed there during his visit to Portsmouth July 12-15, 1817.

Attachments & Media

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $31,821 (Annual)

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 0116/021/0000
Zoning: CD4-L1
Property Visibility: Excellent
Largest Nearby Street: Court Street
Site Description: historic 8000 sf building converted to 15 office suites, a duplex and 10 off street parking spaces
Area Description: Busy downtown Portsmouth NH
Total Number of Buildings: 2
Number of Stories: 4
Typical SF / Floor: 2,500 SF
Property Condition: Excellent
Year Built: 1808
Parking Type: Surface
Parking Description: 10 spots located between 95 & 105 Court
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas, Hot Water
Heat Source: Baseboard
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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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
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