Desirable Hampton Commercial Office Condo Opportunity

Office for Sale
Catylist Listing ID: 30810429
Property Subtypes: Business Park, High-Tech, Medical, Net Leased, Office Building
Condo? Yes
Building Size (RSF): 1,925 SF
Gross Building Area: See Agent
Sale Price: $194,900
Ceiling: 9 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2022

Overview / Comments

Hard to Find Office-style Condo, located in a fully occupied & well maintained business park in Downtown Hampton NH. This desirable footprint allows an option for (2) separate tenants within the unit. Conference room furnishings included in offering price

With Condo fees at $253 Mo.(No Increase in 7 Yrs.) & yearly taxes of $2,412
this New to Market investment Opportunity could be leased @ $10 Sq Ft. Returning a Cap Rate of 8%

Until recently office condo was home to a successful accounting practice. Perfect fit up and location to serve the greater Hampton area for legal, medical, financial & a variety of other practices.

Attachments & Media

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Tax ID/APN: 08093-175-016-000
Is Condo?: Yes
Zoning: TC-S
Highway Access: Minutes from Route 1, easy access to 95
Airports: 1 hr to Boston Logan, 40 min to Manchester Nh Airport
Site Description: First- Floor office condo in Post Office Square Condo Association
Area Description: One of 11 Condo Units at Post Office Square Condo Association
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1985
Year Renovated: 1994
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: ADA Compliant Access to first story office Condo
Parking Type: Surface
Internet Access: T1/T3, Fiber Optic
Zoning Description: TC-S Zoning Review Hampton NH TC-S (Town Center South) Zoning permitted uses
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: N/A
Legal Description: Parcel: HMPT M:175 B:16 U:9 Census Tract: 330150650.101012 Tax ID: 3814 BLK:16 CITY/MUNI/TWP:HAMPTON SUBD:POST OFFICE SQUARE

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,924 21,103 40,537
Median Age: 45.12 46.14 46.06
Households: 1,722 9,130 17,216

Contact

Photograph of Listing Agent

Jay DelMonte

RE/MAX Innovative Properties
NECPE Member
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