Portsmouth Commercial Property
Industrial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30843695 |
| Property Subtypes: |
Flex Space, Free-Standing, Light Industrial, Office Showroom, Warehouse/Distribution
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
5,902 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.10 Acres
|
| Sale Price: |
$1,300,000 |
| Unit Price: |
$220.26 PSF |
| Ceiling: |
15 ft. Clear |
| Office SF: |
2,400 SF |
| Drive In Bays: |
6 Bays |
| Property Use Type: |
Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/26/2023 |
Overview / Comments
Over 5,900sqft of commercial, office, and industrial space this prime Portsmouth location offers a strong opportunity to create equity for owner users, investors, and retail stores. The building is divided into 2,400sqft of office and 3,500sqft of garage/distribution space. The office space is extremely well kept and is demised with 4 executive offices, a reception area, and a conference room. The garage portion is accessible via one of six overhead garage doors. There is generally no division of garage space and all doors lead to one common floor area with the exception of one garage door that has its own space demised by a concrete block wall.
The site is 1.1 acres with 220ft of road frontage on a city road. The site is served by all public utilities and can be considered flat with the exception of the rear of the lot which slopes off toward the abutting property.
DO NOT DRIVE ON THE PROPERTY WITHOUT A SHOWING. ACTIVE BUSINESS. PROPERTY IS UNDER VIDEO SURVEILLANCE. Advanced showing notice required. CALL FOR OFFERS IS FRIDAY 5/26.
|
Current Tenants
| Tenant Business Name |
Townsend Energy |
| Is Renting? |
Yes |
Additional Details
| Nearest MSA: |
Boston-Cambridge-Newton |
| County: |
Rockingham |
| Tax ID/APN: |
08178-0243-0005-0000 |
| Zoning: |
G1 |
| Property Located Between: |
Portsmouth Rec building and Peverly Hill Road |
| Highway Access: |
Yes - via Rt.1 Bypass |
| Site Description: |
Commercial or industrial site situated between commercial and municipal uses |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
5,902 SF |
| Property Condition: |
Good |
| Year Built: |
1960 |
| Year Renovated: |
2016 |
| Roof Type: |
Flat |
| Construction/Siding: |
Block |
| Exterior Description: |
Concrete block & vinyl |
| Parking Type: |
Surface |
| Parking Description: |
Open - not lined |
| Total Parking Spaces: |
35 |
| Column Spacing: |
TBD |
| Sprinklers: |
None |
| Heat Type: |
Oil |
| Heat Source: |
Baseboard |
| Zoning Description: |
Gateway 1 |
| Lot Frontage: |
220 |
| Lot Depth: |
220 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Electric Lines, Utilities |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,400 |
30,219 |
41,473 |
| Median Age: |
41.47 |
41.67 |
42.97 |
| Households: |
2,358 |
14,143 |
18,947 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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