8,370 SF Office Building with Light Manufacturing Area in Stratham, NH

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30778840
Property Subtypes: Executive Suites, Mixed Use, Flex Space, Office Building
Status: Pending/Contingent
Building Size (RSF): 8,370 SF
Gross Building Area: See Agent
Gross Land Area: 1.68 Acres
Sale Price: $725,000
Unit Price: $86.62 PSF
Property Use Type: Investment, Business
Class of Space: Class B
Usable Size (USF): 8,370 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/16/2022

Overview / Comments

Excellent opportunity to acquire a well appointed 8,370 +/- square foot office building with a light manufacturing area on the Seacoast of New Hampshire.  This professional office building resides on 1.68 +/- acres and has 215’ of frontage on Route 33 in Stratham, NH.  It's only 1.5 miles from Route 101 and has ample on-site parking.  

The building has several office suite options that enable a buyer to use part of it and lease other units out for additional income.  The property has a multitude of amenities including flex space for light manufacturing, two kitchens, substantial storage, expansion opportunities, a backup generator for one of the units and visible signage,

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 000013000023000000
Property Located Between: Butterfield Lane and Bunker Hill Ave
Highway Access: From Rt 101 follow east on Rt 33/108 and the property is on the left, 1.54 miles from the exit ramp. It is just past Bunker Hill Avenue. From the east, from the Stratham Circle, .52 miles heading south immediately on the right after Butterfield Lane.
Airports: Manchester-Boston Regional Airport, Boston Logan and Portland
Site Description: The Building is on 4 levels, has 8,370 +/- usable square feet, resides on 1.68 +/- Acres on Route 33, has 8 bathrooms, a large parking area and a nicely landscaped property.
Area Description: Ideal location for multiple types of businesses that desire private offices, separate entrances, storage space, areas to use for light manufacturing and distribution. The building is approximately 15 minutes from Portsmouth, NH, 35 minutes from Manchester-Boston Regional Airport, an hour to Portland, Maine and Boston's Logan airport.
Total Number of Buildings: 1
Number of Stories: 4
Year Built: 1985
Year Renovated: 2004
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: There are four floors divisible within the property into different configurations that could be used by one tenant or multiple ones with several private entrances. The large addition was built in 2004, which has a substantial amount of usable space, as well as attic storage space. There are 35 Parking spots directly next to the building and a small storage shed.
Parking Type: Surface
Parking Description: Off Street Parking areas surround the building
Total Parking Spaces: 35
Sprinklers: Other, None
Heat Type: Propane, Oil, Hot Water, Other
Heat Source: Baseboard, Central, Heat Pump, Other
Air Conditioning: Air Curtain, Other
Internet Access: Cable
Interior Description: 6 private suites in addition much larger multi floor office, conference room and light manufacturing space. 8 bathrooms throughout and several private entrances. Central air throughout.
Zoning Description: Commercial (03-Pre Professional - Residential)
Lot Frontage: 215
Water Service: Well
Sewer Type: Septic
Easements Description: shared entry driveway off Rt 33 with building next door

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,405 15,887 43,219
Median Age: 44.27 43.32 42.93
Households: 942 6,356 17,855
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